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PRIME CONTRACTOR & MAJOR MANUFACTURER PROFILES: AMERICAS/EUROPE/ISRAEL/JAPAN

FINANCIALS ($ MILLIONS): Operating Revenues AIRBUS INDUSTRIE REPORTS SOME, BUT NOT ALL, FINANCIALS AS A Operating Expenses CORPORATE ENTITY. THE COMPANY HAS BEEN PROFITABLE SINCE 1990,Net Profits ALTHOUGH THE VALUE OF THOSE PROFITS IS NOT REPORTED.Debt to Equity Ratio

Employment: 3,000 at Airbus Industrie and some 40,000 includingAirbus subsidiaries of EADS and BAE SYSTEMS

Officers:CEO Noël Forgeard COO Gustav HumbertCFO Andreas Sperl

Consortium of EADS, (The Netherlands) (80%) and BAE SYSTEMS Airbus, (UK) (20%): Produces A300 and A310 (746 delivered),A319, A320 and A321 (1,292 delivered), A330 and A340 (343 delivered) commercial jet transports (all deliveries as of 8/31/00).The 107-seat A318 and further versions of the A330/A340 are in development, along with the 555-seat A380, expected to be theworld’s largest airliner. Consortium facilities are located in Meaulte, Nantes, St-Nazaire and Toulouse (France); Bremen, Hamburg andStade (Germany); Cadiz, Madrid, Seville and Toledo (Spain); Broughton and Filton (UK); with regional offices in Sydney (Australia),Brussels (Belgium), New Delhi (India), Tokyo (Japan), Moscow (Russia), Singapore and Dubai (UAE); spares centers in Beijing (China),Frankfurt/Main and Hamburg (Germany), Singapore and Washington DC (USA); and training centers in Beijing (China), Toulouse(France), and Miami, FL (USA).Subsidiaries:Airbus Industrie China Ltd. (China): Provides training and product support. Airbus Industrie of North America (AINA) (USA):Provides training and product support. Airbus Military Company (AMC): Design and development of the A400M military transportaircraft. Airbus Transport International (ATI): Transports Airbus aircraft sections among factories in Europe using the outsizeA300-600ST Beluga cargo aircraft, also ad hoc charters. Associates: Alenia (Italy), Belairbus (Belgium), Stork Aerospace Group (TheNetherlands).

Aerospace Organization/Products:

AIRBUS INDUSTRIE1 Rond Point Maurice Bellonte31707 Blagnac Cedex, FranceTel: (33-561) 93 33 33Fax: (33-561) 93 37 92www.AIRBUS.com

Employment: 116,000 corporate (6,000 Alcatel Space)

Officers:Chairman & CEO, Alcatel Serge Tchuruk; President & CFO Jean-Pierre Halbron; COO Krish Prabhu; President & CEO, Alcatel SpaceJean-Claude Husson; Vice President & COO, Alcatel Space BenoîtTellier; Technical Director, Alcatel Space Michel Courtois

Alcatel Space Industries (Nanterre, France): Designs, manufactures and operates completeturnkey space systems; also acquires orbital positions and financing. Develops technologies intelecommunications, navigation, observation, optical and radar systems, satellite meteorology,and environmental and scientific areas. Designs and manufactures Arabsat, Astra 1K, Eurasiasat1, Europe*Star, Eutelsat W, Globalstar, Hispasat, Hot Bird 6 and SkyBridge telecommunicationsand multimedia satellites; WorldSpace and XM Radio digital broadcasting satellites; EGNOS andEURIDIS navigation satellites; ERS, Hélios 1, Hélios 2 and Spot Earth-observation instruments;IASI instrument for METOP satellites and MSG meteorology satellites; Corot scientific satelliteand Huygens interplanetary probe. Designs and manufactures the Proteus platform, with pay-loads ranging from 1,100 to 1,320 lb. for LEO applications, and the Spacebus platform, withpayloads ranging from 1,980-13,200 lb. with power sources ranging from 1.5-20 kw. for geo-stationary applications. Designs and develops Earth stations for air traffic control, mobile tele-phony, multimedia, radio broadcasting and rural communication. Alcatel Space Industries is asubsidiary of Alcatel (51%) and Thales (49%). Management, production, and support activitiesare carried out in Cannes, Nanterre, Valence, Toulouse, France and Kourou, French Guiana.Subsidiaries of Alcatel Industries:Alcatel Bell Space (Hoboken, Belgium): Manufactures products in satellite communication,navigation, remote sensing, and spacecraft control systems, including gateways, user earth ter-minals, and satellite ground control stations. Alcatel Espacio (Madrid, Spain): Designs, devel-ops and manufactures spacecraft equipment and subsystems. Alcatel Etca (Charleroi,Belgium): Manufactures on-board satellite power conditioning systems and ground basedequipment such as ground stations for power conditioning and test benches for launchers.Alcatel Space Denmark (Ballerup, Denmark): Designs and manufactures power conversionproducts for satellites and launch equipment. Alcatel Space Netherlands B.V. (Noordwijk,

Netherlands): Provides quality support and project documentation services. Alcatel SpaceNorway (Horten, Norway): Designs and manufactures products for use in advanced analogand digital processing for satellite systems. Alcatel Space Operations GmbH (Darmstadtand Gilching, Germany): Provides field operations services to EUMETSAT, the European SpaceAgency and the German Space Agency (DLR). Alcatel Space Switzerland (Gals,Switzerland): Builds on-board equipment for instrumentation and microgravity experiments;designs and manufactures electrical ground support equipment. Alcatel Spacecom(Nanterre, France): Investor and an operator supporting its customers in their market strate-gies. It provides value-added services, supports privatization of institutional firms, worldwideexpansion of projects refocusing of space agencies on R&D programs, new entrepreneurs andpromising new services. Euteltracs is an Alcatel Spacecom subsidiary. Indra Espacio S.A.(Madrid, Spain): Ground segment engineering and applications for satellite communications,spacecraft control, Earth observation and satellite navigation.Alcatel Spacecom Joint Ventures and Limited Partnerships: Cyberstar, partner: Loral Space & Communications (USA). Eurasiasat S.A.M., partner:Türk Telekom (Turkey). Europe*Star, partner: Loral Space & Communications (USA).SkyBridge, partner: Loral Space & Communications (USA), among others from Belgium,Canada, France, Japan and the USA. TE.SA.M. (Globalstar), partner: France Télécom(France).


ALCATEL 54 Rue La Boétie75008 Paris, FranceTel: (33) 1 4076-1010Fax: (33) 1 4076-1400www.alcatel.com FINANCIALS ($ MILLIONS):* 1998† 1999 % Change

Operating Revenues 3,782 3,526 (7%)Operating Expenses 2,745 2,514 (8%)Net Profits 416 99 (76%)Debt to Equity Ratio — — —*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

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FINANCIALS ($ MILLIONS): Operating RevenuesOperating Expenses FINANCIAL DATA NOT AVAILABLE DUE TO CORPORATE RESTRUCTURINGNet ProfitsDebt to Equity Ratio

Employment: 18,000Officers:President & CEO Alain BeldaEx. VP & CFO Richard KelsonGroup President L. Patrick HassePresident, Howmet International James StanleyPresident, Huck International Bruce M. ZorichPresident, Thiokol Propulsion Robert L. Crippin

Alcoa Engineered Products (Lafayette, IN, USA): Manufactures aluminum extruded shapes, tube, rod and bar for aerospace applications. Alcoa EuropeExtrusions and End Products (Geneva, Switzerland): Produces aluminum extrusions, window systems and end products for aerospace applications. Alcoa MillProducts (Davenport, IA, USA): Manufactures aluminum sheet and plate for the aerospace and defense industry. Alcoa Wheel and Forged Products(Cleveland, OH, USA): Produces forged structural parts for aerospace applications. Howmet Corp. (Darien, CT, USA): Supplier of investment-cast superalloy andtitanium components for turbine engines used on jet aircraft and in utility power generators and of investment-cast aluminum components used in aerospace andcommercial applications. Huck International (Tucson, AZ, USA): Designs and manufactures high-technology fastening systems for aerospace and industrial appli-cations. Specialty fastening systems include proprietary fasteners, installation tools, automation equipment and power sources. Thiokol Propulsion (Brigham City,UT, USA): Produces reusable solid rocket motors (RSRMs) for the space shuttle; the CASTOR family of motors for expendable launch vehicles; flight initiation anddestruct ordnance systems; composite resins for aerospace and industrial applications. Military programs include High Velocity Antiradiation Missile (HARM),Minuteman Propulsion Replacement, Trident 2 (D-5) and a variety of illuminating and infrared flares and advanced decoy countermeasures. Additional capabilitiesinclude tactical and strategic missile motor demilitarization, aging and surveillance technologies. Thiokol Propulsion-Elkton (Elkton, MD, USA): Produces the STARfamily of upper stage and satellite insertion motors; numerous tactical motors including those for the Harpoon and Vertical Launch ASROC (VLA). Develops theExtended Range Guided Munition (ERGM) and upper stage and solid divert propulsion for theater missile defense initiatives. Manufactures gas generators and safeand arm devices for launch vehicle propulsion.


ALCOA 201 Isabella StreetPittsburgh, PA 15212-5858, USATel: (412) 553-4545Fax: (412) 553-4498www.alcoa.com

FINANCIALS ($ MILLIONS)*: 1998 1999 % ChangeOperating Revenues 1,273 976 (23%)Operating Expenses — — —Net Profits 17 7 (59%)Debt to Equity Ratio — — —*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99.

Employment: 380

Officers:Chairman & CEO Jean-Marie LutonSecretary General Francoise Bouzitat

Responsibilities: Marketing and sales of launch services; production of Ariane launch vehicles; operation of launch services from Europe’sSpace Port in Kourou (French Guiana). Launch Vehicles: Ariane 4 series (includes Ariane 40, 42L, 42P, 44L, 44LP and 44P, providing awide range of GTO performances, from 2,070- 4,900 kg. (4,550-10,780 lb.). Some 146 Ariane 1/2/3/& 4s have been ordered since thebeginning of the program. Ariane 5 (16 ordered) is the new European launch vehicle providing greater satellite payload capacity with GTOperformances of 5,900 kg. (12,980 lb.)/dual launch or 6,800 kg. (14,960 lb.)/single launch. As of September 2000, the company, whichhas 53 corporate shareholders from 12 European countries, placed 174 satellites into orbit and received more than 225 orders. Financing:Arianespace has a financing company designed to provide assistance for new projects linked to launch services through long-term projectfunding, backed by a number of financial partners.Subsidiaries:Arianespace Inc. (Washington, DC, USA): Marketing and sales in the USA. Integration and Launch Sites: Europe’s Space Port(Kourou, French Guiana). Liaison Offices: Arianespace Tokyo (Japan) and Singapore.


ARIANESPACEBlvd. de l’Europe, BP 177, 91006 EVRY Cedex, FranceTel: (33-1) 60 87 60 00Fax: (33-1) 60 87 62 47www.arianespace.com


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Employment: 100,000 (approx.)

Officers: Chairman Sir Richard H. Evans; Chief Executive Officer John P. Weston; Chief Operating Officer Steve Mogford; Chief Operating Officer Mike Turner; Group Managing Director, Programs & Managing Director, Eurofighter Stephen Henwood; Group Managing Director, Customer Solutions and Support Robin Southwell; Group Managing Director, Avionics ChrisGeoghegan; Group Managing Director, International Partnerships Mike Rouse;Group Managing Director, Operations Rod Leggetter

BAE SYSTEMSPO Box 87, Farnborough Aerospace Centre Farnborough, Hampshire, GU14 6YU UKTel: 44 1252 373232Fax: 44 1252 383000www.baesystems.co.uk

BAE SYSTEMS Australia (Sydney, New South Wales, Australia):Products and services include: electronic warfare; simulation and training; missiles anddecoys; communications, command and control (C3I); military aircraft systems; navalsystems; support services; research and development; project management; radar sup-port. BAE SYSTEMS in Australia also owns Hunter Aerospace Corp. Pty Ltd. It performsdeep maintenance on the Australian Army helicopter fleet at Archerfield and Townsvillein Queensland. It also is responsible for final assembly of, and deep maintenance on, theHawk Lead-In fighter at Williamtown in New South Wales.BAE SYSTEMS, Avionics (Plymouth, Devon; Basildon, Essex; Rochester,Kent, UK):Products include gyroscopes and gyro-based systems, mobile surveillance vehicles, navi-gation systems, radar and countermeasure systems, sensor and communications systems,avionics and flight control systems, helmet displays, air data systems, electronic warfaresolutions. Also involved in the Joint Strike Fighter program with both the Boeing andLockheed Martin teams.BAE SYSTEMS, Civil: Airbus UK (Filton, Bristol, UK): Manages BAE SYSTEMS’ ownership interests and indus-trial responsibilities within the Airbus Industrie consortium. Designs wings and fuel sys-tems for all Airbus airliners. Manufactures and assembles the primary structure of allAirbus wings. Designs and manufactures one fuselage section for the Airbus A321.Responsible for BAE SYSTEMS involvement in the A400M large military transport pro-gram and the Multi-Role Tanker Transport. Aviation Services (Filton, Bristol, UK):Specializes in the maintenance and conversion of Airbus aircraft. It also provides air-field services to the Filton site. Regional Aircraft (Woodford, Cheshire, UK): Designs,assembles and markets the Avro RJ family of regional jet airliners. Provides mainte-nance and refurbishment of regional aircraft. Flight and aircraft engineering test ser-vices. Engineering support and customer training. Also includes the portfolio manage-ment, trading and leasing of a fleet of ATP, Avro RJ, BAe 146 and Jetstream commercialaircraft in which BAE SYSTEMS retains a financial interest. BAE SYSTEMS, Customer Solutions and Support (Farnborough, Hampshire, UK):Provides support for all the company’s projects and programs. Includes: Air Programs(Preston, Lancashire, UK); International Programs (Preston, Lancashire, UK); Land,Sea & C4I Systems (Christchurch, Dorset, UK); Paradigm Systems Technology(Pty) Ltd. (51%) (South Africa); Training Services (Preston, Lancashire, UK).BAE SYSTEMS North America (Rockville, MD, and Arlington, VA, USA):Designs, develops, integrates, manufactures and supports a wide range of advanced aero-space products and intelligent electronic systems for government and commercial customersin the following areas: aeronautics products; avionics and navigation; combat systems; com-mercial aviation; communications and data links; electronic warfare systems; internationalmarketing information systems; military aircraft; military high explosives manufacture;sales systems technical support and simulation and training, avionics activity in NorthAmerica and has a contract to run the Holston (TN, USA) Ammunition Plant for the USArmy. BAE SYSTEMS Information and Electronics Systems Integration Sector(Nashua, NH, USA): Produces aircraft self-protection systems, electronic warfare systems,reconnaissance and navigation systems, tactical surveillance and intelligence systems.BAE SYSTEMS, Operations:Aerostructures (Chadderton, Manchester, and Ayrshire, Scotland, UK): Responsible forthe aerostructures manufacturing services to the Program’s organization. It also hasresponsibility for selling this manufacturing capability into other prime contractors

besides BAE SYSTEMS, on terms consistent with the UK regulatory requirements. Marine(Barrow-In-Furness, Cumbria, UK): The company’s shipbuilding business. Programsinclude Auxiliary Oilers, Future Attack Submarines, Type 23 Frigates. PrimeContracting (Barrow-in-Furness, Cumbria, UK): Prime Contract offices have ultimateresponsibility for the execution of major programs. RO Defence (Chorley, Lancashire,UK): Manufactures ammunition, small arms, medium-caliber cannon, tank guns, artillerysystems, solid rocket motors, communications equipment, explosives and propellants,fuses and warheads. Also designs and manufactures artillery systems. Programs includeAS90 Braveheart, Bull Terrier Army Combat Engineer Vehicle, Future Beach RecoveryVehicle, Future Engineer Tank, Hunter and Marksman, Naval Gun Mountings, Sea Dartand Seawolf Shipborne Missile Launchers. Also owns 50% of Cased TelescopeInternational SAS (France); Heckler and Koch (Germany); and Muiden Chemie (Holland).Underwater Systems (Portsmouth, Hampshire, UK): Develops and manufactures tor-pedoes, underwater mines and vehicles and acoustic countermeasures. BAE SYSTEMS, Programs:Astute-Class Submarine (Camberley, Surrey, UK): BAE SYSTEMS is undertaking thedesign, build and initial in-service support of three 7,500-tonne Astute-class submarines(SSNs) for the Royal Navy. CVF Carrier (Filton, Bristol, UK): The Future Carrier isintended to be a replacement for the current Invincible-class carriers and will be placedas a prime contract following a Ministry of Defence competitive tender. EurofighterTyphoon (Preston, Lancashire, UK): Responsible for the Eurofighter Typhoon militaryaircraft program and BAE SYSTEMS’ shareholding in the Eurofighter consortium. FutureSystems and FOAS (Preston, Lancashire, UK): Will comprise all future systems con-cepts across land, air, sea and C4I, including digitization, Future Escort, electronic combat,information warfare, Future Attack Submarine and Future Offensive Air System whichaims to provide the UK with a long-range offensive air capability. Gripen and SouthAfrica (Brough, East Yorkshire, UK): Responsible for BAE SYSTEMS’ shareholding inSaab-BAe Gripen AB, the Gripen military aircraft and the introduction of Gripen intoSouth Africa. Harrier, Tornado and US Military Aircraft Products (Balderstone,Lancashire, and Godalming, Surrey, UK): Responsible for the Harrier program, theBoeing Partnership, the Tornado program, BAE SYSTEMS’ shareholding in PanaviaAircraft GmbH, the T-45 Goshawk program and BAE SYSTEMS’ involvement in the JointStrike Fighter program with both the Boeing and Lockheed Martin teams. Hawk(Brough, East Yorkshire, UK): Responsible for the Hawk trainer program. Lancer(Leicester, Leicestershire, UK): The TRACER/FSCS (Tactical Reconnaissance ArmouredCombat Equipment Requirement/Future Scout Cavalry System) being developed as apotential replacement for the UK’s CVR(T) and the US Bradley Cavalry Fighting Vehicleand HMMWV in the reconnaissance role. Nimrod (Woodford, Cheshire, UK): Responsiblefor the remanufacture of RAF Nimrods to Nimrod MRA4. Type 45 (Stanmore,Middlesex, UK): The Type 45 is an anti-air warfare destroyer for the Royal Navy, whichprovides fleet or task force air defense. Joint Ventures/Partnerships:Airbus Industrie, partner: EADS (The Netherlands). Alenia Marconi Systems, part-ner: Alenia (Italy). Astrium, partner: EADS (The Netherlands). EurofighterJagflugzeug GmbH, partners: Alenia (Italy), EADS (The Netherlands). MBDA, part-ners: Alenia (Italy), EADS (The Netherlands). Panavia Aircraft GmbH, partners:Alenia (Italy), EADS (The Netherlands). Saab-BAe Gripen AB, partner: Saab AB(Sweden). SIKA International, partner: Lockheed Martin (USA). STN AtlasElektronik, partner: Rheinmetall (Germany). Thomson Marconi Sonar, partner:Thales (France).

FINANCIALS ($ MILLIONS)*: 1998 1999** % ChangeOperating Revenues — 14,443 —Operating Expenses — 10,558 —Net Profits — 531 —Debt to Equity Ratio — — —*AW&ST conversion based on exchange rate available on 12/31/99.

**1999 data includes 12-months ‘old BAe’ & 1-month ‘old MES’ as British Aerospace (BAe) and Marconi Electronic Systems (MES) merged on November 29, 1999 to form BAE SYSTEMS.


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BFGoodrich FINANCIALS ($ MILLIONS)*: 1998† 1999†† % ChangeOperating Revenues 5,455 5,538 2%Operating Expenses 694 743 7%Net Profits 328 362 10%Debt to Equity Ratio 53% 53% 0%*Amounts include Coltec Industries. †Values updated from 2000 Source Book. 1998 results exclude the effect of a $58.3 million gain ($38.5 million after-tax) related to the sale of Holley Performance Products subsidiary and a $10.5 million charge ($6.5 million after-tax) related to a restructure charge and a write-down of an impaired asset in the AerospaceSegment. Results also exclude the after-tax effects of discontinued operations ($1.6 million loss) and an extraordinary item ($4.3 million loss). ††1999 results exclude the effect of a $262.8 million charge ($192.1 million after-tax) primarily related to merger-related and consolidation costs.

Employment: 18,000

Officers:President & COO, BFGoodrich Aerospace Marshall LarsenPresident, Aerostructures & Aviation Services Group Bud WetzlerPresident, Electronic Systems Group Mike PiscatellaPresident, Engine & Safety Systems Group Jack CarmolaPresident, Landing Systems Group John Grisik

Aerostructures & Aviation Services Group (Chula Vista, CA, USA):Aerostructures designs, produces and integrates aircraft engine nacelles, pylons andrelated aircraft engine housing components. In addition to nacelles and pylons, theGroup provides structural and aerodynamic elements for a broad range of commercial,military, and space structures. Aviation Services provides maintenance, repair and over-haul services for aircraft systems, components and entire airframes.Electronic Systems Group (Charlotte, NC, USA):The Electronic Systems Group produces a wide array of products that provide flight per-formance measurement, flight management, and control and safety data. Included are avariety of sensors systems that measure and manage aircraft fuel and monitor oil debris,engine, transmission and structural health, and aircraft motion control systems. TheGroup’s products also include instruments and avionics, warning and detection systems,ice protection systems, test equipment, aircraft lighting systems, landing gear cables andharnesses, satellite attitude control and data systems management.


BFGOODRICH AEROSPACEFour Coliseum Centre2730 West Tyvola RoadCharlotte, NC 28217, USATel: (704) 423-7000 www.bfgoodrich.com

Engine & Safety Systems Group (Charlotte, NC, USA):The Engine & Safety Systems Group includes four businesses from the mid-1999 Coltecmerger that supply engine and fuel controls, pumps, fuel delivery systems, as well asstructural and rotating components such as disks, blisks, shafts and airfoils. Within SafetySystems, the company produces evacuation slides, rafts, flight crew seating, passengerrestraints, and ejection seat systems. Also within Safety Systems is Deicing and SpecialtySystems, which provides ice protection systems for general aviation, and heated productsand composite structures in the broader commercial airframe markets.Landing Systems Group (Brecksville, OH, USA):The Landing Systems Group provides systems and components pertaining to aircraft taxi,take-off, landing and stopping. Several divisions within the Group are linked by theirability to contribute to the integration design, manufacture and service of entire aircraftundercarriage systems, including sensors, landing gear, certain brake controls and wheelsand brakes.


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FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 56,154 57,993 3%Operating Expenses 54,587 54,823 0.4%Net Profits 1,120 2,309 106%Debt to Equity Ratio 56% 59% 5%†Values updated from 2000 Source Book.

Employment: 199,000 (November 1999)

Officers:Chairman & CEO Philip M. Condit; President & COO Harry C. Stonecipher; Sr. VP & CFO Michael M. Sears; Sr. VP & President, Boeing Commercial Airplanes Group Alan R. Mulally; Sr. VP & President, Military Aircraft and Missile Systems GroupGerald E. Daniels; Sr. VP & President, Space and Communications Group James F. Albaugh;Sr. VP & President, Connexion By Boeing SM Scott E. Carson; Sr. VP & President, Air Traffic Management John B. Hayhurst; Sr. VP & President, Boeing Shared ServicesGroup Laurette T. Koellner; Sr. VP & President, Boeing Capital Corp. James F. Palmer; Sr.VP of Engineering & Technology, President, Phantom Works David O. Swain; Sr. VP,Government Relations Christopher W. Hansen

Commercial Airplane Group:777 Div. (Everett, WA, USA): Assembles Boeing 777 (299 delivered as of 9/00). DouglasAircraft Products Div. (Long Beach, CA, USA): 717 (32 delivered as of 9/00), MD-11 (198delivered through 9/00), MD-80 (1,191 delivered through 9/00), MD-90 (111 delivered through9/00). Recent historical programs include DC-9 (976 delivered), DC-10 (446 delivered). EverettDiv. (Everett, WA, USA): Assembles Boeing 747 (1,255 delivered through 9/00), Boeing 767(803 delivered through 9/00). Fabrication Div. (Auburn, WA, USA): Components manufactur-ing. Material Div. (Lynnwood, WA, USA): Supplies subcontracted components. Renton Div.(Renton, WA, USA): Assembles Boeing 737 (3,787 delivered through 9/00), Boeing 757 (940delivered through 9/00). Wichita Div. (Wichita, KS, USA): Components manufacturing andengineering.Boeing Military Aircraft & Missile Systems (St. Louis, MO, USA):(Mesa, AZ, USA): Rotorcraft including AH-64A Apache (937 delivered), AH-64D Longbow Apache(180 delivered from a total of 501 on order for US Army; 15 delivered, 30 on order for TheNetherlands; 8 ordered by Singapore); WAH-64 Apache (British Army, 14 delivered, including 6complete aircraft kits for GKN Westland, 67 on order), 35 remanufactured AH-64Ds on order byEgypt; Israel to buy new AH-64Ds and upgrade an undefined quantity of AH-64As to AH-64Ds.Also makes a variety of ordnance systems, including the M-230 cannon (1,138 delivered) and M-242 Bushmaster cannon (10,946 delivered). (Southern California, USA): B-1B bomber upgradeprogram, C-17 airlifter (70 delivered, 134 required for US, 4 for UK), KC-10 tanker (60 deliv-ered). Historical programs include A-4 Skyhawk (2,960 delivered). (St. Charles, MO, USA):Weapons and tactical missiles, including AGM-84D Harpoon (more than 6,700 delivered), AGM-84E Standoff Land Attack Missile (SLAM) (700 delivered), AGM-84H SLAM ER (ExpandedResponse); AGM-86C Conventional Air-Launched Cruise Missile (CALCM), AGM-130 (more than700 delivered), Brimstone and GBU-31 Joint Direct Attack Munition (JDAM) (more than 6,500delivered). Historic programs include AGM-86B Air Launched Cruise Missile, AGM-114 HELLFIRE(more than 65,000 delivered), AGM-129 Advanced Cruise Missile (114 delivered), BGM-109Tomahawk (1,647 delivered) and GBU-15 (more than 3,000 delivered). (St. Louis, MO, USA):Tactical and training aircraft, including AV-8B Harrier 2 and AV-8B Harrier 2+ (new and remanu-factured, 358 US, Italian and Spanish aircraft plus 109 shipsets of forward fuselage and wings forUK delivered through 9/00), F-15 Eagle and F-15E Strike Eagle (1,556 delivered through 9/00),F/A-18 Hornet (production ended, total of 1,479 delivered), F/A-18E/F Super Hornet (38, includ-ing 7 developmental aircraft, delivered through 9/00 out of a total of 548-785 required by USNavy), T-45 Goshawk trainer (124 delivered through 9/00). Historical programs include F-4Phantom 2 (5,057 delivered). (Philadelphia, PA, USA): Rotorcraft, including CH-47 Chinook (totalof 1,154 delivered including 154 produced in Italy and 62 produced in Japan; engineering andmanufacturing development of latest variant, CH-47F, under way); H-46 Sea Knight (productionended, total of 826 delivered, including 160 produced in Japan), MH-47E (26 mods for US specialforces), RAH-66 Comanche (joint venture with Sikorsky Aircraft; 2 prototypes assembled, 1,213projected), V-22 Osprey tilt-rotor (50% program share with Bell Helicopter Textron; 10 aircraftdelivered, 458 required for US Air Force, Marine Corps and Navy). (Seattle, WA, USA): C-32 USAFVIP support airlifter (4 delivered), C-40A Navy logistics airlifter (5 on order, 29 projected), F-22fighter (33% program share; wings and aft fuselages for 9 ground test and 2 flight test aircraftdelivered, 339 expected), Joint Strike Fighter (in competition, with first flight of X-32 conceptdemonstrator on Sept. 18, 2000; 3,000 projected). Boeing Military Aerospace Support (St.Louis, MO, USA): Military training systems and services; T-38C Avionics Upgrade Program; supportsystems; sustainment data and supply chain management support. (Canberra, Australian CapitalTerritory, Australia): Australian Defence Forces helicopter school operations and support.(Newcastle, New South Wales, Australia): F/A-18 upgrade program. (Brisbane, Queensland,Australia): F-111 avionics and weapon system upgrades and logistics support. (Melbourne,Victoria, Australia): AP-3C upgrades. Defence Science & Technology Organisation support opera-tions; (Riyadh, Saudi Arabia): E-3A, F-15, KE-3A support. (Mesa, AZ, USA): Apache support pro-grams; Apache maintenance training systems; T-38C avionics modification; structural repair facili-ty. (Garden Grove, CA, USA): L-159 avionics integration and avionics upgrade programs. (LongBeach, CA, USA): C-17 Flexible Sustainment program. (Fort Walton Beach, FL, USA): Life-cycle cus-

tomer support for Air Force Special Operations Command C-130 aircraft. (Jacksonville, FL, USA):F/A-18 modification and upgrades. (Wichita, KS, USA): Airborne Laser modification; B-52 weaponsystems upgrades; C-32, C-40, C-137 and VC-25 contractor logistics support; KC-135R re-enginingand modifications. (Shreveport, LA, USA): C-5, C-130, CH-47 and E-4B modifications. (OklahomaCity, OK, USA): B-1B, B-52 and KC-135 training systems support. (Philadelphia, PA, USA): H-46,H-47, RAH-66 and V-22 rotorcraft support programs. (San Antonio, TX, USA): Maintenance andmodification for C-17, KC-10 and KC-135.Phantom Works Group (Seattle, WA, USA):Develops technologies and processes for incorporation into all of Boeing’s government aerospaceproducts. Focus is on manufacturing and assembly technologies, STOVL, aerospace subsystems andlow observable/counter-low observable applications.Space and Communications Group (Seal Beach, CA, USA)Boeing Satellite Systems: formed in October 2000 by acquisition of Hughes Space andCommunications, produces the Boeing 601 and Boeing 702 satellites, among others. HumanSpace Flight & Exploration: International Space Station (Houston, TX): Prime contractor onthe International Space Station and provider of components, including modules, trusses andpower system. Reusable Launch Systems (Huntington Beach, CA): Primary product is space shut-tle as subcontractor to United Space Alliance; also AirLaunch system, International Space Stationcomponents, Next-Generation Reusable Launch Vehicles, X-37 technology demonstrator vehicle.United Space Alliance: (see Joint Ventures below). Information & Communications:Commercial Information Systems (Anaheim, CA): Block 1, 2 and 2A Navstar GPS satellites (40built), commercial information and communications initiatives like mobile broadband data deliv-ery through Connexion by Boeing and satellite-based air traffic management. GovernmentInformation & Communications Systems (Anaheim, CA): Historic/ongoing programs include E-3AWACS (68 707-based AWACS delivered). Provides the Advanced Early Warning & ControlAircraft (AEW&C) based on 737 platform and the Airborne Warning and Control System (AWACS)on the 767 platform (4 delivered to Japan). Space & Communications Services: provides engi-neering services and facilities maintenance support to a wide variety of products and programs,including ISS, NASA and DoD Expendable Launch Vehicles, and Sea Launch. Launch Services:Expendable Launch Systems (Huntington Beach, CA): includes Delta 2 (more than 275 launchessince 1960), Delta 3 and Delta 4 (in development). Rocketdyne Propulsion and Power (CanogaPark, CA): engines include the space shuttle Main Engine, RS-27A engines for the Delta, RS-68for the Delta 4 and XRS-2200 Linear Aerospike engine for the X-33 reusable vehicle. Sea LaunchCo. (see Joint Ventures below). Missile Defense & Space Control: Electronic Systems &Missile Defense (Anaheim, CA): includes guidance and navigation systems on every US attackand ballistic missile submarine, and guidance system repair services; participates in Avenger andBradley Linebacker mobile ground-based SAM systems, Ground-BasedInterceptor/Exoatmospheric Kill Vehicle, Kinetic Energy Anti-Satellite Weapon System, NavyTheater-Wide missile defense and Patriot Advanced Capability-3. Integrated Defense Systems(Seal Beach, CA, USA): Lead contractor on NRO’s Future Imagery Architecture. Laser & ElectroOptical Systems (Canoga Park, CA): Includes the Airborne Laser, Airborne Tactical Laser andSpace-Based Laser, National Missile Defense (Anaheim, CA): Lead systems integrator on NMD($1.6-billion three-year development contract).Subsidiaries:Aerospace Technologies of Australia (Port Melbourne, Australia): Produces main gear doors,floor support structure for the A330/A340, Krueger flaps for the 737-700/747, rudder for the757/777, flaps for the F/A-18 Hornet, and the centerline engine bellmouth and transition ringfor the MD-11.Joint Ventures:Alliance Defense Corp., partners: BAE SYSTEMS (UK), CAMSU (Italy), EADS (The Netherlands).Bell Boeing, partner: Bell Helicopter Textron (USA). Boeing Sikorsky, partner: SikorskyAircraft (USA). Flight Dynamics Inc., partner: Kaiser Aerospace & Electronics (USA). SeaLaunch, partners: Kvaerner A/S (Norway), RSC-Energia (Russia), NPO Yuzhnoye (Ukraine).United Space Alliance (Houston, TX, USA): 50% joint venture with Lockheed Martin (USA) tomanage the space shuttle.


THE BOEING CO.7755 East Marginal Way SouthSeattle, WA 98108, USATel: (206) 655-2121Fax: (206) 655-1177www.Boeing.com


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Employment: 56,000 (34,000 Bombardier Aerospace)

Officers:Exec. Chairman & President, Executive Committee LaurentBeaudoin; President & CEO, Bombardier Inc. Robert E. Brown;President & COO, Bombardier Aerospace Michael Graff

FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 7,610 9,419 24%Operating Expenses 7,098 8,642 22%Net Profits 378 498 32%Debt to Equity Ratio 37% — —*Fiscal year ends on Jan. 31. AW&ST conversion based on exchange rates available on 1/31/99 and 1/31/00.

BOMBARDIER INC.800 René-Leveque Blvd. WestMontreal, Quebec, Canada H3B 1Y8Tel: 1 (514) 861-9481 Fax: 1 (514) 861-7053www.aero.bombardier.com

Bombardier Aerospace (Montreal, Quebec, Canada):Bombardier Aerospace Amphibious Aircraft: Markets and supports Canadair 415amphibious aircraft (48 delivered as of 7/00). Bombardier Aerospace BusinessAircraft: Markets and supports range of business jet aircraft including BombardierGlobal Express (54 delivered as of 7/00), Canadair Challenger 604 (163 delivered asof 7/00) and Learjet 31 (198 delivered as of 8/00), Learjet 45 (82 delivered as of8/00) and Learjet 60 (184 delivered as of 8/00). Also offers business jet charter andfractional ownership, interior completions, flight training, product support, service cen-ters and financing. Bombardier Aerospace Regional Aircraft: Markets and sup-ports the Canadair Regional Jet airliner (420 delivered as of 9/00) and de Havilland Q-series Dash 8 (559 delivered as of 9/00) family of turboprop airliners including thenew-generation Dash 8Q Series 400 (deliveries began first quarter of 1999). Alsooffers flight training, product support and financing. Manufacturing: BombardierAerospace operates manufacturing facilities in three countries. Canadair Facility (NorthBay, Ontario, Canada): Final assembly of Canadair 415 amphibian. Canadair Facility(Montreal, Québec, Canada): Manufactures Challenger 604 business jet and Regional

Jet airliner; produces structural components including those for several Boeing commer-cial airliner programs and the Airbus 330/340 programs. De Havilland Facility(Toronto, Ontario, Canada): Manufactures Q100, Q200 and Q300 Dash 8 Series region-al turboprop aircraft, and performs final assembly of the Bombardier Global Expressand 70-passenger Q400 regional turboprop. Learjet Facility (Wichita, KS, USA):Currently manufactures Learjet 31A and Learjet 60 business aircraft and assemblesLearjet 45 aircraft. Shorts Facility (Belfast, UK): Design and manufacture of majoraerostructures for eight Bombardier Aerospace programs; several Boeing commercialairliners and the WAH-64 Apache program; Lockheed Martin C-130 transport aircraft,and the design and manufacture of a range of engine nacelles, for General Electric,International Aero Engines and Rolls-Royce.Joint Ventures:CityLine International Nacelle Systems, partner: Snecma/Hurel-Dubois (France).Lufthansa Bombardier Aviation Services, partner: Lufthansa Tecknik AG(Germany). Simulator and Training Canadair GmbH., partners: CAE Electronics Ltd.(Canada) and Lufthansa CityLine (Germany).

Officers: Chairman & CEO Charles Edelstenne Senior Executive VP, Operations Christian Decaix Senior Executive VP, International Pierre Chouzenoux Vice President Bruno Revellin-FalcozHonorary Chairman Serge Dassault

Aerospace Organization/Products: Employment: 11,601

Dassault Aviation (Vaucresson, France): Builds Falcon series (1,370+ ordered), Mirage 2000 (575 ordered), Rafale (41 ordered);development and integration of complete systems; space studies. Dassault Falcon Jet Corp. (Teterboro, NJ, USA): Sales, supportand completion of Falcon business jets. Dassault Falcon Jet Service (Le Bourget, France): Parts & maintenance for Falcon aircraftin the Eastern Hemisphere. Sogitec Industries (Suresnes, France): Communications Div. produces electronic publishing and technicaldocumentation products; Electronics Div. produces aircraft flight and maintenance training systems and image generators.

FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 3,540 3,008 (15%)Operating Expenses 3,053 2,680 (12%)Net Profits 487 328 (33%)Debt to Equity Ratio — — —*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

GROUPE DASSAULT AVIATION9, Rond-Point des Champs-ElyséesMarcel Dassault, 75008 Paris, FranceTel: (33-1) 53 76 93 00Fax: (33-1) 53 76 93 20www.dassault-aviation.com


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Employment: 87,000 (May 2000)

Officers:Co-Chairmen Manfred Bischoff, Jean-Luc Lagardère; Co-CEO’s Philippe Camus, Rainer Hertrich; CFO Axel Arendt; CEO, Airbus Division Noël Forgeard; Head of the Space SystemsDivision François Auque; Head of the Defence and Civil Systems Division Thomas Enders; Head of the Military Transport Aircraft DivisionAlberto Fernández Fernández; Head of Strategic Coordination Jean-LouisGergorin; Head of Marketing Jean-Paul Gut; COO, Airbus Division Gustav Humbert; Head of the Aeronautics DivisionDietrich Russell

EUROPEAN AERONAUTIC DEFENCE AND SPACE COMPANYN.V. , (EADS N.V.)

Drentestraat 24, NL-1083 HK Amsterdam, The Netherlandswww.eads-nv.com

FINANCIALS ($ MILLIONS)*: 1998 1999 % ChangeOperating Revenues 24,030 22,661 (6%)Operating Expenses — — —Net Profits — — —Debt to Equity Ratio — — —*Since EADS did not exist in 1998 and 1999, these figures are pro forma figures that have been consolidated according to EADS organizational structures and thus are not directly comparable with the overall key figures announced by the three original companies for these years. AW&ST conversions to dollars are based on rates available on 12/31/98 and 12/31/99.

Note: The European Aeronautic Defence and Space Company (EADS) was founded onJuly 10, 2000, by a merger of France’s Aerospatiale Matra, Spain’s CASA, andGermany’s DaimlerChrysler Aerospace (DASA).

Aeronautics Division:The Aeronautics Division conducts the EADS aeronautic activities notincluded in the Airbus and Military Transport Aircraft Divisions.Military aircraft include: Eurofighter Typhoon, Tornado and Mako;helicopters: Eurocopter EC-120, EC-135, EC-155, NH- 90 and Tiger;regional aircraft: ATR 42-500 and ATR 72-500; light aircraft: SocataEpsilon, TB20/21 and TBM 700; freighter conversion (ElbeFlugzeugwerke) and maintenance (Sogerma).Airbus Division:Manufactures the A300-600, A310, A330, A340 and A380 wide-body aircraft; A318, A319, A320 and A321 narrow body aircraft;A319CJ business jet; freighter aircraft. The final assembly linesare located in Toulouse, France, (A300-600, A310, A320, A330,A340 and A380) and Hamburg, Germany (A318, A319 andA321). Defence and Civil Systems Division:Designs, develops and produces missiles and missile systems,defense electronics, telecommunications and services. The Missilesand Missile Systems sector of EADS brings together MBDA (a merg-er of Alenia Marconi Systems, EADS Missiles and Matra BaeDynamics) and the German EADS missile activities, primarily thoseof EADS/LFK. The product portfolio includes ASRAAM, Aster,Brimstone, Diamond Back, Exocet, HOT, Kormoran, Meteor, Mica,Milan, Mistral, Patriot, Polyphem, RAM, Roland, Scalp EG/StormShadow, Seawolf, Stinger, Taurus, Trigat LR and Trigat MR. Thedefense electronics unit offers C3I systems, reconnaissance and sur-veillance systems (CL 289, joint ISR systems), airborne multi-moderadars (ECR90) and electronic warfare systems. Supplies Internetprotocol (IP) networks, high-speed and long-distance networks,switching products, local loop equipment and fiber-optic and cellulartelecommunications networks. EADS distributes this public network-ing equipment supplied by Nortel.

Military Transport Aircraft Division:Manufactures the C-212, C-295 and CN-235 at the San Pedro facilityin Seville, Spain. Is also designing the A400M.Space Division:The Space Division is subdivided into its subsidiary, EADS LaunchVehicles; its joint venture, Astrium; and its business unit, EADS CASAEspacio. Designs, develops and produces: broadcast satellites forEutelsat, Inmarsat and Intelsat; Earth-observation and scientific satel-lite systems for civil and military applications (e.g. Envisat, Helios,Metop, Spot 5, XMM), the European navigation system Galileo,orbital infrastructure (e.g. the space laboratory Columbus and theATV for the International Space Station) and launchers (shareholdingsin Arianespace for heavy-lift launchers, Starsem for medium-liftlaunchers and Eurockot for small-lift launchers). Also supplies launchservices as well as services related to telecommunications and Earth-observation satellites. Through its subsidiaries Cilas and Sodem, EADSis active in the fields of optronics and laser technologies.Subsidiaries:EADS Launch Vehicles (Les Mureaux, France): Partcipation in theAriane program and other orbital infrastructure activities; strategicmissiles. Elbe Flugzeugwerke (Dresden, Germany): Freighter con-version programs. Eurocopter Holding S.A. (Paris, France): Holdingcompany of the helicopter manufacturer Eurocopter. Euromissile(Fontenay-aux-Roses, France): Markets missiles and missile systems.Socata (Le Bourget, France): Produces light aircraft. Sogerma(Merignac, France): Aircraft maintenance and modification.Joint Ventures:Airbus Industrie G.I.E., partner: BAE Systems (UK).Arianespace S.A., partners: 53 corporate shareholders in 12European countries. Astrium, partner: BAE Systems (UK); ATRG.I.E., partner: Finmeccanica (Italy). MBDA, partners: BAE Systems(UK), Finmeccanica (Italy).


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Employment: Total 64,000 (Aerospace 3,800)

Officers:Chairman, President & CEO Alexander M. Cutler VP Aerospace Operations Steven K. EisenbergGeneral Manager Aeroquip Engineered Systems David Good

Eaton Aeroquip Engineered Systems (Jackson, MI, USA):Aeroquip Aerospace (Serres-Castet, France; Gilching, Germany; Lakeside, UK; Toccoa, GA, USA; Jackson, MI, USA): Fluid and air distribution products and systems, includ-ing Aeroquip brand hoses, tubes, clamps and fittings, noise dampening products and rotomold plastic components, Teflon fittings, swivel joints, flexible fuel duct assemblies,self-sealing quick disconnect couplings, Rynglok fittings, stainless steel and titanium tube assemblies, self-sealing breakaway fuel couplings and ground service refueling cou-plings.Eaton Aerospace (Irvine, CA, USA):Aerospace Actuation & Controls (Grand Rapids, MI, USA): Electric and electro-mechanical products and systems, including: Vickers brand actuators and regulators,throttle quadrants, cargo system components, servo systems, aircraft flap & slat systems and AC/DC electric motors. Aerospace Cockpit Controls and Displays (CostaMesa, CA, USA), Engineered Sensors (Bethel, CT, USA), Fluid Monitoring and Diagnostic Systems (Glenolden, PA, USA), Power and Load ManagementSystems (Sarasota, FL, USA): Electro-mechanical, electro-optical, electrical, control, display, sensor and debris monitoring products and systems, including: Eaton brandcockpit controls, pressure switches and pressure transducers, integrated keyboards and control panels, night-vision-compatible LED illuminated displays, switches, relays,remote control circuit breakers and integrated AC/DC power modules; Tedeco brand fluid debris detection and collection components and systems. Aerospace FluidSystems (Bedhampton, UK; Los Angeles, CA, USA; Jackson, MS, USA; Charleston, SC, USA): Fluid power, motion control and fuel pump products and systems, including:Vickers brand hydraulic and electro-hydraulic pumps, motors, integrated packages, electric motorpumps, hydraulic motor-driven generators, and electronic controls; Stererbrand fluid control and actuation systems, nose wheel steering systems, valves and manifolds.

EATON CORPORATIONEaton CenterCleveland, OH 44114, USATel: (216) 523-5000; Fax: (216) 523-4787www.eaton.com

FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 6,625 8,402 27%Operating Expenses 6,143 7,673 25%Net Profits 349 617 77%Debt to Equity Ratio 43% 52% 21%†Values updated from 2000 Source Book.

Employment: 4,100

Officers:Chairman Michael Federmann President & CEO Joseph Ackerman VP & CFO I. Farchi

Aerospace Organization/Products:Airborne Systems: Performs upgrades on fixed-wing aircraft and helicopters. Develops and pro-duces helmet-mounted display systems, weapons delivery and navigation systems, airborne comput-er systems, cockpit display systems, head-up displays and moving maps, stores management sys-tems, precision guidance and airborne reconnaissance systems, helicopter avionics systems, C4I sys-tems, UAVs, advanced laser designators, rangefinders, and third-generation Flir optronic payloads.Ground Systems: Performs combat vehicle upgrades, develops and produces tank fire-control sys-tems incorporating eye-safe lasers and state-of-the-art Flirs, electric turret drive and control systems,artillery command and control systems, day-night observation systems, digital image processing andcommunications systems, C3 systems, training systems and paramilitary systems. Naval CombatSystems Integration: Produces C3 systems, communications systems, electronic warfare systems,tactical control systems and computerized training and simulation systems. Space: Offers a varietyof complex space electro-optical payloads with data links and ground stations for governmental,commercial and scientific applications. Major Subsidiaries:Cyclone Aviation Products Ltd. (Karmiel, Israel): Designs and produces aircraft structures andprovides maintenance services for fixed-wing aircraft and helicopters. Cy-Optics Ltd. (Yokneam,Israel): A start-up company engaged in development of components for optical communication in thefield of wave-length domain multi-plexing. EFW Inc. (Fort Worth, TX, USA): Products and systems

include digital map systems (for the V-22 and others), helmet-mounted displays, mission computers,stores management systems and flight control systems (for the F-16 and others), central computerand other units for the Bradley A-3 AFV. El-Op Electro Optics Industries (Rehovot, Israel):Designs and manufactures advanced electro-optical products and systems for military and civilianpurposes. El-Op’s business areas include development and production of thermal imaging products,laser products, displays, optical systems for space applications, airborne reconnaissance systems, sta-bilized E/O payloads, optical communications systems, fire control systems for combat vehicles andsecurity systems and products. ESL-AIT (Vienna, Austria): Designs and manufactures C2 systems,software-intensive systems, and telecommunications systems. IEI (Talladega, AL, USA): Providesdepot level repair, maintenance and logistics support for various electronic systems installed on air-craft and ships. Kinetics Ltd. (Or-Yehuda, Israel): Develops and manufactures hydraulic andmechanical systems. Ortek Ltd. (Sderot, Israel): Operates mainly in the field of security systemsand products and also in night vision instruments based on starlight application. Semi-ConductorsDevices (SCD) (Karmiel, Israel): Designs and makes solid-state components (sensors and laserequipment) using unique technologies. Silver Arrow (Rishon-Lezion, Israel): Produces and devel-ops UAV systems for various mission applications, provides logistics support capabilities.Joint Ventures:Vision Systems Int’l. LLC. (VSI), partner: Kaiser Electronics Inc. (USA).

FINANCIALS ($ MILLIONS)*: 1998 1999 % ChangeOperating Revenues 415 436 5%Operating Expenses 45 49 9%Net Profits 28 31 11%Debt to Equity Ratio 2% 8% 300%*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99. Financial data does not include merger with El-Op, which was completed in July 2000.

ELBIT SYSTEMS LTD.PO Box 539Haifa 31053, IsraelTel: (972) 4 8315 315 Fax: (972) 4 8550 002www.elbit.co.il

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Employment: 3,650 (2,888-Germany, 762-USA)

Officers:Chairman of the Board Charles Pieper; CEO Lou Harrington; Exec. VP & COO John D. Wolf; Exec. VP & CFO Rudi Lenz; Exec. VP Business Development Barry Eccleston

Fairchild Dornier Corp. (San Antonio, TX, USA):Develops, manufactures, markets and supports commercial aircraft in the 32- to-110-seat market, as well as corporate aircraft, surveillance aircraft and other gov-ernment/military aircraft. Fairchild Dornier is involved in the conversion and over-haul of fixed-wing aircraft and helicopters and operates FAA-approved repair sta-tions and aviation service centers. Fairchild Dornier is a supplier for major structuralcomponents for the full range of Airbus aircraft. The center for design, productionand support for commercial and military aircraft for the corporation is inOberpfaffenhofen, Germany, near Munich. Manufacturing, product support, andaircraft maintenance facilities are also located in San Antonio, TX, USA. Sales andmarketing activities are located in Herndon, VA, near Washington, DC, USA. Thecompany also has offices in a number of locations worldwide.Subsidiaries:Dornier Aviation Holding North America (San Antonio, TX, USA): US adminis-trative office. Fairchild Aerospace Beteiligungs GmbH (Oberpfaffenhofen,

Germany): German administrative office. Fairchild Aircraft Incorporated (SanAntonio, TX, USA): Aircraft maintenance, repair and overhaul. Fairchild DornierGmbH (Oberpfaffenhofen, Germany): Aircraft service. Contained within this sub-sidiary are: Aerotechnic Vertriebs und Service GmbH (Oberpfaffenhofen, Germany),international logistic support for Fairchild Dornier aircraft; Aviation Technology SalesGmbH (Oberpfaffenhofen, Germany), maintenance training; Aviation TrainingInternational (Pty) Ltd. (South Africa), maintenance training; Emerald AircraftLeasing Ltd. (Cayman Islands), aircraft leasing; Ilona I Luftfahrttechnik VertriebsGmbH (Oberpfaffenhofen, Germany), aircraft service; Magdalena Aircraft LeasingLtd. (Cayman Islands), aircraft leasing; Namibian Aviation Training Acadamy (Pty)Ltd. (Namibia), maintenance training; Somair Ltd. (Somalia), maintenance training.Other subsidiaries are: Fairchild Dornier Holding Inc. (San Antonio, TX, USA),corporate administrative offices; Fairchild Dornier Luftfahrt BeteiligungsGmbH (Oberpfaffenhofen, Germany), aircraft maintenance; Millennium LeasingCompany (San Antonio, TX, USA), aircraft leasing.


FAIRCHILD DORNIERPO Box 790490San Antonio, TX 78279-0490 USATel: 210 824 9421 Fax: 210 804 7785www.fairchildaerospace.com

Employment: 9,197 (includes offices and subsidiaries)

Officers:President and CEO Maurício Novis Botelho; VP, Finance and CFO Antonio Luiz PizarroManso; VP, General Counsel Carlos Rocha Villela; VP, Planning, OrganizationalDevelopment Horácio Aragonés Forjaz; VP, Defense Market Romualdo Monteiro deBarros; VP, Airline Market Frederico Fleury Curado; VP, Corporate Aircraft MarketSamuel Hill; VP, Industrial Satoshi Yokota; VP, Customer Services Artur ValérioCoutinhoAerospace Organization/Products:

Primary Production Facility (São José dos Campos, SP, Brazil): Historical/ongoing programs include: the EMB-145AEW&C (first flight took place in May 1999);the EMB-145RS (a remote sensing variant whose first flight took place on December 17, 1999); the 37-seat ERJ-135 regional jet (164 firm orders, 157 optionsand 35 aircraft delivered as of May 31, 2000); the 44-seat ERJ-140 regional jet (first flight took place in June 2000); the ERJ-145 regional jet for 50 passengers(456 firm orders, 257 options, 214 aircraft delivered as of May 31, 2000); the new regional jet family comprising the ERJ-170, ERJ-190-100 and ERJ-190-200,for 70, 98 and 108 passengers respectively, has a total of 325 orders (120 firm and 205 options); the Super Tucano derivative designated ALX (Light AttackAircraft) by the Brazilian Air Force; and the AMX-T, a high performance, transonic turbofan twin-seat specifically designed for advanced fighter lead-in training andmiscellaneous missions. Embraer-Liebherr Equipamentos do Brasil S/A - ELEB (São José dos Campos, SP, Brazil): Landing gear systems company controlledby Embraer and Liebherr. Indústria Aeronáutica Neiva SA. (Botucatu, SP, Brazil): Subsidiary produces single- and twin-engine aircraft, the EMB-202 Ipanema,a cropduster aircraft and the 30-seat turboprop EMB-120 Brasilia. Subsidiaries:Embraer - Australia (Melbourne, Australia): Markets and provides after-sales support for Embraer products. Embraer - China (Beijing, China): MarketsEmbraer products. Embraer - France (Le Bourget, France): Markets and provides after-sales support for Embraer products and also provides technical support forthe French air force’s EMB-121 and EMB-312 aircraft. Embraer - USA (Fort Lauderdale, FL, USA): Markets and provides after-sales support for Embraer products.

FINANCIALS ($ MILLIONS)*: 1998 1999 % ChangeOperating Revenues 1,308 1,889 44%Operating Expenses 163 196 20%Net Profits 109 230 111%Debt to Equity Ratio 292% 297% 2%*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99.

EMBRAER-Empresa Brasileira de Aeronautica SA.Av. Brig. Faria Lima 2170PO Box 805012227-901 Sao Jose dos Campos-SP BrazilTel: (55) 12 345 1000 Fax: (55) 12 345-3399www.embraer.com

FINANCIALS ($ MILLIONS): Operating Revenues Fairchild Dornier Corporation is privately held by Operating Expenses Clayton, Dubilier & Rice and Allianz Capital Partners, Net Profits and does not release annual financial data.Debt to Equity Ratio


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FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 1,735 1,614 (7%)Operating Expenses 1,648 1,549 (6%)Net Profits 88 65 (26%)Debt to Equity Ratio 94% 75% (20%)†Values updated from 2000 Source Book.

Employment: 5,590

Officers:President Ing. Paolo TorricelliCEO Saverio Strati

FIAT AVIO SPA.Via Nizza 31210127 Turin, ItalyTel: (39-011) 685 81 11Fax: (39-011) 685 98 32

Avio (Turin, Italy): Design, development and production of components for engines for military aircraft, commercial aircraft, helicopters and naval propulsion tur-bines including CF6-80C2/E1 engine (with General Electric); EJ200 for Eurofighter aircraft (with IPT, MTU, and Rolls-Royce); FA 150 ARGO APU, for civil and militaryapplications; GE90 engine (with General Electric); J79-19 for F-104S fighter aircraft (under license to General Electric); LM2500 (with General Electric); Pegasus forHarrier 2 Plus (with Rolls-Royce); PT6B-36, PW150, PW308 engines (with Pratt & Whitney Canada); PW2000, PW4000, PW4080 engines (with Pratt & Whitney);RB199 for Tornado aircraft (with MTU and Rolls-Royce); Spey Mk 807 for AMX fighter aircraft (with Rolls-Royce); T64-P4D for G222 military transport aircraft (withGeneral Electric); T700/CT7 engine (with General Electric); Trent 500 engine for commercial airline use (with Rolls-Royce). Energy (Turin, Italy): Supplies after-mar-ket services for gas turbines; includes the new business, Independent Power Producer. Space (Turin, Italy): Engineering, development and manufacture of solid pro-pellant motors (from 9-230 tons); interstage separation motors; solid, liquid, cold gases, dynamic magneto-plasma and arcjet propulsion; light launchers (Vega); stan-dard platforms for small satellites; liquid oxygen turbopump; mechanical components for launcher nozzle, ignitors; apogee motors; rockets; propellants for rocketsand missiles; and missile motors. Joint Ventures:Eurojet Turbo GmbH, partners: Industria de Turbo Propulsores SA (Spain), MTU (Germany), Rolls-Royce Plc. (UK). IAE, International Aero Engines AG, part-ners: Japanese Aero Engine Corp. (Japan), MTU (Germany), UTC/Pratt & Whitney (USA), Rolls-Royce Plc. (UK). Turbo-Union Ltd., partners: MTU (Germany), Rolls-Royce Plc. (UK). FiatAvio also has interests in these other ventures: Arianespace (6%), Atla (30%), Cira Consorturn (8%), Europropulsion (50%), FiatAvio PowerServices (50%), Regulus (60%), Sepa (100%), Serene (35%), Sogetel (50%) and Vegaspazio (50%).


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FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 6,864 5,982 (13%)Operating Expenses — — —Net Profits (293.1) 66.2 77%Debt to Equity Ratio 1.1% 0.2% (82%)*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

FINMECCANICAPiazza Monte Grappa 4l-00195, Rome, ItalyTel: (39 06) 32 47 33 95Fax: (39 06) 32 47 34 99www.finmeccanica.it

Employment: 43,000

Officers:Chairman & CEO Alberto LinaManaging Director & COO Giuseppe Bono

Agusta - A Finmeccanica Company (Cascina Costa, Varese, Italy):Aircraft Conversions and Overhaul (Brindisi, Italy): Activitiesinclude conversion and overhaul of Italian Air Force and USAFE C-130;US Navy CH-53 and SH-3D; Italian Air Force HH-3 Combat SAR; USArmy AH-64, CH-47, OH-58, UH-1H, UH-60. Civil Helicopters:Programs include Agusta A109 K2 ambulance and rescue; Agusta/BellA109 Power VIP and emergency medical service; Agusta A119 Koalasingle engine; EH 101 civil and utility transport developed in associa-tion with GKN Westland. Helicopters produced under license:Agusta/Bell AB412 twin engine. Defense Helicopters: Programsinclude Agusta A109 military, multirole aircraft; Agusta A129 interna-tional, multirole-combat helicopter; Agusta A129 Mangusta antitankhelicopter; EH 101 naval and utility helicopters developed in associa-tion with GKN Westland; NH-90 naval and tactical transport developedthrough cooperation with Eurocopter.Alenia Aeronautica - A Finmeccanica Company (Rome, Italy):Aeronautics Div. (Naples, Italy): Aerostructures: Program partici-pant or subcontractor to Airbus (A300, A310, A319, A320, A321,A330, A340) and Boeing (717-200, 767, 777, MD-11/80/90) andDassault (Falcon 900EX and 2000) for moving surfaces, radomes, tailsurfaces, vertical rudder and fins, flap parts, fuselage panels and fuse-lage sections. Commuter Aircraft: In joint venture with EADS, producesthe ATR aircraft family for regional transport. Conversions andOverhaul: Operates through Officine Aeronavali Venezia and The DeeHoward Co. Activities include converting DC-8s, DC-10s and MD-11s tocargo aircraft; conversion of Boeing 707s into flying tankers; produc-tion of thrust reversers. Military Aircraft: Programs include AMX tacti-cal air support/interdiction aircraft developed and built in conjunctionwith Aermacchi (Italy) and Embraer (Brazil); ATR-42MP, a multipur-pose aircraft for special missions; AV-8B Harrier 2+, in associationwith BAE Systems (UK) and Boeing (USA); C-27J, a new, upgradedversion of the G.222 developed through an international agreementwith Lockheed Martin; Eurofighter, European air superiority aircraftdeveloped through international cooperation with BAE Systems (UK)and EADS (The Netherlands); Future Large Aircraft, the new Europeanhigh-capacity airlifter; G.222 medium-range tactical airlifter for mili-

tary and civil applications; Panavia Tornado in association with BAESystems (UK) and EADS (The Netherlands). Alenia Spazio -Finmeccanica subsidiary (Rome, Italy): Prime contractor for allItalian Space Agency (ASI) programs and many European SpaceAgency (ESA) programs. Participation in NASA programs. OrbitingInfrastructures: Participation in the International Space Station pro-gram includes Columbus Orbiting Facilities (COF), MLPM and Nodes 2and 3; participates in the ATV program and in the CRV project. RemoteSensing: interplanetary probe Cassini/Huygens; ERS 1 and ERS 2 forEarth observation, Skymed Cosmo program for observation of theMediterranean basin, X-SAR (x-band synthetic aperture radar).Scientific Satellites: Programs include Integral, the European gamma-ray astronomy satellite, Lageos 2, SAX. Telecommunications Satellites:Prime contractor for development and construction of Artemis andItalSat F2 satellite family; plays a role in the development ofGlobalstar program; active in Isis/Secoms projects, which are precur-sors of Euroskyway, the future European satellite system being studiedby Alenia for satellite multimedia services; responsible for Sicral, anItalian military telecommunications system. Alenia Difesa-A Finmeccanica Company (Rome, Italy):Avionics and Equipment Div. (Rome, Italy): Produces airborneradars (Grifo family), electro-optic equipment, space equipment, avion-ics, airborne mission core systems, aircraft fire control systems. OTO-Breda Div. (Rome, Italy): Operates in the field of naval and ground-based artillery and guns, self-propelled howitzers, battle tanks, AFV’sand APC’s. Joint Ventures:Agusta-Westland, partner: GKN Westland (UK). Alenia MarconiSystems, partner: BAE Systems (UK). AMC (Airbus Military Co.),partners: BAE Systems (UK), EADS (The Netherlands). AMX, partner:Aermacchi (Italy), Embraer (Brasil). ATR, partner: EADS (TheNetherlands). Bell Agusta Aerospace, partner: Bell HelicopterTextron (USA). C-27J, partner: Lockheed Martin (USA). EHIndustries Ltd., partner: GKN Westland (UK). Eurofighter, partners:BAE Systems (UK), EADS. Globalstar, partners: Alcatel Space (France),EADS (The Netherlands), Loral Space & Communications (USA). NHIndustries, partner: Eurocopter (France, Germany). Panavia, part-ners: BAE Systems (UK), EADS (The Netherlands).


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FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 1,048 1,071 2%Operating Expenses — — —Net Profits 84 72 (14%)Debt to Equity Ratio — — —†Values updated from 2000 Source Book.

Employment: 8,000 (2,517 Aerojet)

Officers:Chairman & CEO Bob WolfeCFO GenCorp. Terry HallPresident, Aerojet Carl Fischer

GENCORPHighway 50 and Aerojet RoadRancho Cordova, CA 95670, USATel: (916) 355-4000Fax: (916) 351-8667www.gencorp.com


Aerojet:Aerojet’s Azusa Facility (Azusa, CA, USA): Manufactures advanced electro-optic, millimeter wave and microwave sensor systems for USDefense Department; Earth resources measurement systems; other applications include target-activated munitions systems, surveillance satel-lites and real-time data systems; specific programs include the US Air Force’s Space-Based Infrared System (SBIRS) and target-activatedsmart munition called SADARM (Sense and Destroy Armor). Aerojet’s Sacramento Facility (Sacramento, CA, USA): Aerojet produces solidpropellant rocket motors and liquid propellant rocket engines for strategic missiles, manned and unmanned satellite launch vehicles andsatellite orbit transfer and attitude control systems. Major programs include the Atlas 5 expendable launch vehicle; Delta 2 ELV (second-stageengine); Kistler K-1 (first- and second-stage engine); Titan 4 ELV (first- and second-stage engine); X-33 (reaction control system) and theX-38 (deorbit propulsion stage). Aerojet also provides propulsion and armament systems for the defense industry, primarily tactical missileprograms including Hawk and TOW 2B.


Officers:President Takeshi Tanaka; Senior Vice President & GeneralManager, Aerospace Div. Hiroyuki Nakatsubo; Deputy GeneralManager, Aerospace Div. Kisaburo Wani; General Manager,Utsunomiya Mfg. Div. Yoichi Sugimura; General Manager, DefensePrograms Norihisa Matsuo; General Manager, CommercialPrograms Kenichiro Usuki; General Manager, Military MarketDevelopment Shunji Notake

Aerospace Div:Manufacturer of: AH-1S helicopter, BQM-34AJ/KAI Firebee target drone, Fuji-Bell 205B helicopter, J/AQM-1 target drone, RPH2 remotelypiloted helicopter, T-5 basic trainer, UH-1J helicopter; wing main assemblies for P-3C and T-4; wing components for F-2, empennage forOH-1, outer wing nacelle and empennage for US-1A flying boat; center wing fairings and main landing gear doors for Boeing 777; fairingsand main landing gear doors for Boeing 767; wing package for Raytheon Hawker Horizon; outboard flaps for Boeing 757; ailerons andspoilers for Boeing 747; elevators for Boeing 737-600/700/800; outboard ailerons for MD-11; flight training simulator for T-5 & U-125A.Overhaul T-1, T-3, T-5, U-125 and U-125A; search and rescue system for U-125A; R&D for NAL/NASDA programs.

FINANCIALS ($ MILLIONS): 1998 1999 % ChangeOperating Revenues 7,309 7,700 5%Operating Expenses — — —Net Profits 148 156 5%Debt to Equity Ratio 35% 38% 9%

FUJI HEAVY INDUSTRIES LTD. (FHI)Subaru Building7-2, Nishi-Shinjuku 1-chomeShinjuku-ku Tokyo 160-8316, JapanTel: (81-28) 684-7053 Fax: (81-28) 684-7071www.fhi.co.jp


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Employment: 340,000 (corporate); 30,700 (GE Aircraft Engines)

Officers:Chairman & CEO John F. Welch, Jr.; Sr. VP, Finance Keith S. Sherin;President & CEO, Aircraft Engines David L. Calhoun; VP & GeneralManager, Commercial Engines Charles L. Chadwell; VP & GeneralManager, Military Engines Russ Sparks; General Manager (Acting),Marine Engines Russell Casper


FINANCIALS ($ MILLIONS): 1998 1999 % ChangeOperating Revenues 100,496 111,630 11%Operating Expenses 86,992 96,053 10%Net Profits 9,296 10,717 15%Debt to Equity Ratio — — —

GENERAL ELECTRIC CO.3135 Easton Turnpike, Fairfield, CT 06431, USATel: (203) 373-2211; Fax: (203) 373-3131www.GE.com

FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 6,150 7,510 22%Operating Expenses — — —Net Profits 1,175 869 (26%)Debt to Equity Ratio — — —*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

Employment: 10,800

Officers:CEO D.J. WrightDirector, Finance & Commercial A.D.P. MilneChief Exec., GKN Westland Helicopters R.I. CaseChief Exec., GKN Westland Aerospace C.C. Gustar

GKN Westland Aerospace Ltd. (East Cowles, Isle of Wight, UK): Designs and manufactures advanced structures in metal andcomposite materials; develops technologies in the manufacture of composite components. GKN Westland Helicopters Ltd.(Yeovil, Somerset, UK): Design, development and manufacture of helicopters, equipment and subsystems, advanced compositedynamic components. Joint Ventures:Aerosystems International Ltd., partner: BAE Systems (UK). Aviation Training International Ltd., partner: Boeing(USA). EH Industries Ltd., partner: Agusta (Italy).


GKN WESTLAND LTD. Lysander Road, YeovilSomerset, BA20 2YB, UKTel: (44) 1935-475222Fax: (44) 1935-702131www.gkn-whl.co.uk

GE Aircraft Engines:Commercial Engine Operation (Lynn, MA; Durham, NC; Cincinnati, OH, all USA): Produces CF6, CFM56 and GE90 engines for large commercial aircraft; CF34 engines for the BombardierCanadair Challenger 601 and 604 business jets, Canadair Regional Jet 200, 700 and 900 transports, the Embraer ERJ-170 and ERJ-190 regional airliners and the Fairchild Dornier 528JET,728JET and 928JET regional airliners and Envoy 7 business jets; the CFE738 for Dassault Falcon 2000 business jets. Makes CT7 turboprop engines for the Ayres 7000, CASA CN-235, and Saab340 regional airliners and the Sukhoi S-80 multipurpose transport aircraft. Elano Corp. (Dayton, OH, USA): Produces tubes, ducts and manifolds for jet engines. GE Canada (Mississauga,Ontario, Canada): Supports engine sales and service and provides field service and integrated logistic support. GE Engine Services (Petropolis and Rio de Janeiro, Brazil; Xiamen, China;Malaysia; Singapore; Nantgarw, Prestwick, UK; multiple sites in the USA): Worldwide service and repair of GE and non-GE engines and components; airframe and avionics maintenance; aircraftmodification; repair development; rapid response teams for on-wing repair. Marine Engines (Lynn, MA; Cincinnati, OH, both USA): Produces aeroderivative LM500, LM1600 and LM2500 gasturbines for marine applications. Military Engine Operations (Arkansas City, KA; Lynn, MA; Cincinnati, OH, all USA): Produces engines for military aircraft, including the CT7, T64 and T700turboshaft engines for military and civil helicopters; F108 for the KC-135R; F110 for the F-15E and F-16C/D; F118 for the B-2 and U-2; F404 for the F/A-18C/D and F-117; F414 for the F/A-18E/F; T64 turboprop engine for the C-27A, DHC-5D and G.222.Joint Ventures:Airfoil Technologies International, partners: Teleflex Inc. and Sermatech Technical Services (both USA). CFAN Co., partner: Snecma (France). CFE Co., partner: Honeywell (USA). CFMInternational, partner: Snecma (France). GE Harris Aviation Information Solutions LLC, partner: Harris Corp. (USA). GE-Pratt & Whitney Engine Alliance, partner: Pratt &Whitney/UTC (USA). Rybinskie Motory-GE Aeroengines, partner: Rybinsk Motors (Russia).

Note: In 2000, General Electric announced its intention to acquire Honeywell, pendingthe reviews of regulatory agencies.

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FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 1,743 1,807 4%Operating Expenses 1,666 1,771 6%Net Profits 53 18 (66%)Debt to Equity Ratio 35% 26% (26%)*Fiscal year ends on June 30.

HARRIS CORP.1025 West NASA Blvd.Melbourne, FL 32919, USATel: (321) 727-9100 Fax: (321) 727-9344www.Harris.com


Employment: 10,000

Officers:Chairman, President & CEO Phillip W. FarmerPresident, Government Communications Systems Div. Robert K. Henry

Aerospace Organization/Products:Government Communications Systems Div. (Melbourne, FL, USA): High-speed data and fiber-optic network backbones, cockpit moving digitalmap displays, mass memory storage, weapon data links, AJ GPS antennas, fire control system upgrades; large aperture, unfurlable reflector anten-nas; actively steered, phased-array antennas; on-board digital processing, fiber-optic high-speed data busses and networks, adaptive antennas andprocessing systems, end-to-end satellite communication system architecture, payload and network capability.Joint Ventures:GE Harris Aviation Information Solutions, (Palm Bay, FL, USA), partner: General Electric (USA). Offers information network products anddecision support services that enable airlines to transmit and receive a wide range of information. Live TV, (Palm Bay, FL, USA), partner: ThalesAvionics In-Flight Systems (France). Provides live TV transmission to the seats of airline passengers.


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Employment: 120,000

Officers: COO Aerospace & Ex. VP, Robert D. Johnson; President, AerospaceElectronic Systems Michael A. Smith; President, Aerospace ServicesJames D. Taiclet; President, Engines and Systems Steven R. Loranger;President, Federal Manufacturing & Technologies Karen Clegg;President, Commercial Aviation Electronic Systems Francis W. Daly

HONEYWELL INTERNATIONAL INC.101 Columbia RoadP.O. Box 2245Morristown, NJ 07962-2245Tel: (973) 455-2000; Fax: (973) 455-4807www.honeywell.com

Aerospace Electronic Systems (Fort Lauderdale, FL, USA): Electronic and Avionics Systems (Fort Lauderdale, FL, USA): Trafficalert and collision avoidance systems (TCAS), VHF communications,ACRS/Aircom data links, cabin management terminals, VOR/ILS naviga-tion, ADF transponders, DME, forward-looking windshear detection sys-tems and other weather radars, radio altimeters, displays and test sys-tems; (Olathe, KS, USA): Com/nav equipment, weather radars, flightcontrols, traffic alert and collision avoidance systems (TCAS), radioaltimeters and electronic flight instrument systems (EFIS) for generalaviation, regional airlines, government and military aircraft; (Redmond,WA, USA): Solid-state flight data recorders (SSFDR) and solid-state cock-pit voice recorders (SSCVR), ground proximity warning systems (GPWS),flight data acquisition units (FDAU), enhanced ground proximity warn-ing sytems (EGPWS). Guidance and Sensor Systems (Teterboro, NJ,USA): Navigation and attitude reference systems, automatic flight con-trol systems, CRT flat-panel cockpit display systems, space inertial andpointing systems, integrated avionics systems, electromechanicalengines and flight director instruments, digital map systems, test equip-ment and upgrades to USAF C-130 and C-141 cockpit systems. Inertialand Sensor Div. (Redmond, WA, USA): Inertial navigation systems,gyroscopes, accelerometers, stabilization, thermal switches, guidanceand control equipment for land vehicles, missiles, aircraft and subsur-face applications.Aerospace Services (Tucson, AZ, USA):Aftermarket Services: Inventory logistics services and processes,repair and overhaul services, and spare parts for the commercial mar-ket. AlliedSignal Technical Services Corp. (ATSC): Provides techni-cal services to the satellite industry including: data acquisition, configu-ration management, development and operation of ground, sea, airand space-based tracking facilities, flight control services, informationtechnology operations and training, logistics management, and testingand calibration of complex systems. Canaan Group: Aerospace man-agement consulting services in the following areas: productivity, growthand customer satisfaction. Customer Operations Group: Providesfull-time service and technical support. Hardware Product Group:Airframe, engine and equipment fasteners, chemical products, electricalcomponents, electromechanical components, hardware, industrial MROproducts, sealing products.

Aircraft Landing Systems (South Bend, IN, USA):Produces brakes, brake controls and wheels for the 717, 737, 767,777, A330, A340, B-2, C-17, F-15, F/A-18, F-22, Fairchild Dornier328Jet, MD-11 and MD-80.Engines & Systems (Phoenix, AZ, USA):Commercial Auxiliary Power Unit Group: Design and productionof commercial air transport, regional and executive auxiliary powerunits (APUs). Commercial Propulsion Group: Design and manufac-ture of AS900 series turbofan engines, LF502/507 turbofan engines,TFE731 turbofan and the TPE331 turboprop. Engine Systems andAccessories Group: Designs and manufactures actuation systems;electromechanical interface devices; engine controls; fully integratedengine build-up systems; oil, air and fuel coolers; sensors; start systemsand valves. Environmental Control Systems Group: Air-condition-ing systems, bleed air control systems, cabin pressure systems, space-craft environmental and thermal control systems and smoke detectionsystems for the 717, 737, C-17, C-130, F-15, F-16C/D, F/A-18 andMD-11. Industrial and Marine Group: Produces the ASE8, ASE40,ASE50 and ASE120 industrial engines, and the TF5, TF15, TF40 andTF50 marine engines. Military/Helicopter Group: Provides range ofproducts for military and civil helicopter propulsion, airborne auxiliarypower, fixed-wing aircraft propulsion and vehicular and ground power.Federal Manufacturing & Technologies (FM&T)(Kansas City, MO, USA):Manages and operates facilities for the US Energy Dept. making non-nuclear components for nuclear weapons.Joint Ventures:CEASA, partner: China Eastern Airlines (China). CFE Co., partner: GEAircraft Engines (USA). Honeywell/TAECO, partner: Taikoo AircraftEngineering (China). International Turbine Engine Corp., partner:Aerospace Industrial Development Corp. (Taiwan). Light HelicopterTurbine Engine Co. (LHTEC), partner: Rolls-Royce (Allison) (USA).Nahuel, partners: Alenia (Italy), EADS (The Netherlands). Normalair-Garrett Ltd., partner: GKN Westland (UK). Rubix, partner: AviationCorporation Rubin (Russia). Space Controls Alenia-Honeywell,partner: Alenia (Italy). Yamatake-Honeywell Co. Ltd., partner:Yamatake (Japan).

FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 23,555 23,735 0.8%Operating Expenses — — —Net Profits 1,903 1,541 (19%)Debt to Equity Ratio — — —*Consolidated values reflect the merger of Honeywell and AlliedSignal, which took place in December of 1999. †Values updated from 2000 Source Book.

Note: In 2000 General Electric announced its intention to acquire Honeywell, pending thereviews of regulatory agencies.

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Employment: 12,749 (March 2000)

Officers:Chairman & CEO Kosaku InabaPresident & COO Toshifumi TakeiExecutive VP Shozo OjimiSenior Managing Director & President, AeroEngine & Space Ops. Mototsugu Ito

Aero-Engine and Space Operations (Tokyo, Japan): Manufactures turbofan and turboshaft engines, as well as powerplantparts, fuel control systems and accessories. Civil Aero-Engine Division (Tokyo, Japan): Participates in CF34, GE90, Trent andV2500 engine programs. Also produces spare parts and performs maintenance, overhaul and repair of jet engines. DefenseSystems Division (Tokyo, Japan): Manufactures parts for F3, F100, F110, J3, J79, T56, T58, T64, T700 and TF40 military air-craft engines. Gas Turbine Plant Division (Tokyo, Japan): Manufactures light industrial gas turbines derived from aircraftengines for land and marine use, including IM150, IM270, IM400, LM1600, LM2500 and LM6000. Space DevelopmentDivision (Tokyo, Japan): Builds liquid propellant engines, attitude control systems and ground test facilities.

ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES (IHI)Shin-Ohtemachi Bldg. 2-1, Ohtemachi 2-chomeChiyoda-ku, Tokyo 100-8182, JapanTel: (81-3) 32 44 53 33Fax: (81-3) 32 44 53 98www.ihi.co.jp


FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 8,742 9,374 7%Operating Expenses — — —Net Profits 48 — —Debt to Equity Ratio — — —*Fiscal year ends on March 31.



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Officers:Chairman of the Board Gen. (res.) O. Orr; President & CEO M.Keret; Exec. VP O. Harari; VP, Finance A. Knobel; VP & GeneralManager, Military Aircraft Group M. Shmul; VP & GeneralManager, Electronics Group Z. Nahmoni; VP & General Manager,Commercial Aircraft Group M. Boness; VP & General Manager,Bedek Aircraft Group D. Arzi


Bedek Aviation Group:Aircraft Div. (Ben Gurion International Airport, Israel): Inspects,repairs, upgrades, retrofits and converts commercial and militaryaircraft. Component Div. (Ben Gurion International Airport,Israel): Overhauls, repairs, tests and modifies components and sub-systems for commercial and military aircraft. Engine Div. (BenGurion International Airport, Israel): Overhauls, repairs, retrofits andtests more than 30 types of commercial and military engines. FlightOperations Div. (Ben Gurion International Airport, Israel): Testflights of all IAI customer-owned aircraft (fixed- and rotary-wing)following maintenance, overhaul, upgrades and conversion pro-grams. Test flights of IAI-produced aircraft and international ferryflights. Ramta Div. (Beer-Sheba, Israel): Designs and manufacturesmanned and unmanned combat engineering equipment, fightingand support vehicles, minefield breaching equipment, fast patrolboats and composite aircraft structures.Commercial Aircraft Group (Ben Gurion InternationalAirport, Israel):Designs and builds Astra SP, SPX and Galaxy commercial and busi-ness aircraft. Engineering Div.: Designs, develops, tests and certi-fies military and commercial aircraft; advanced weapon systems.Production Div.: CAD/CAM of composite material structures, com-posite nacelle production. SHL Div. (Lod, Israel): Commercial andmilitary electromechanical systems and hydraulics; components forair, land and sea platforms; aircraft landing gear and shockabsorbers; flight control actuation systems; vehicle hydraulic powerpacks and shock absorbers; turret stabilization systems.Electronics Group:ELTA Electronics Industries Ltd. (Ashdod, Israel): Designs andbuilds military electronics systems, radars, electronic warfare, AEW,Sigint and ESM suites; maritime patrol aircraft avionics suites, self-protection systems, secure communications, data links, data fusion-image processing, high-speed information systems, automatic testequipment, signal processing, high-voltage technologies, antennas,microwave components. MBT Div. (Yehud, Israel): Air-, sea- andland-based missiles and guided weapons; missile seekers; pointdefense and air defense systems; fire control systems; trainers; sim-ulators; satellite integration; communications and Earth resourcesatellites; mission control stations. MLM Div. (Beer-Yaakov, Israel):Builds Arrow antitactical ballistic missile. Also produces real-time

video compression systems, image processing and enhancement sys-tems, and tactical switching command and control systems. TamamDiv. (Yehud, Israel): Designs, builds and integrates stabilized elec-tro-optic payloads for UAVs, helicopters and fixed-wing aircraft;night targeting and observation systems for helicopters; inertial nav-igation, orientation and attitude systems for land navigation; stabi-lization systems for commercial spacecraft; vehicle fleet manage-ment systems.Independent Divisions:MAMAN-Data Systems Center (Ben Gurion InternationalAirport, Israel): Designs software for mainframes, mini- and micro-computers, including budget control systems, data collection systems,data processing software, ILS (Integrated Logistics Support) pack-ages, inventory control systems, maintenance and managementinformation systems. MHT-Technical Publications and Training(Ben Gurion International Airport, Israel): Provides multilingual tech-nical publications and training services. Publications include opera-tions, flight, maintenance, overhaul and wiring manuals; illustratedparts and logistics catalogs; artist concept and marketing support col-laterals. Training services include consulting, surveys, training facili-ties, trainers and simulators, customized training programs. Military Aircraft Group:Lahav Div. (Ben Gurion International Airport, Israel): Overhauls,modifies, upgrades combat aircraft and trainers; installs avionics,fire control and ECM systems; upgrades A-4, F-4, F-5, F-16, Kfir,MiG-21 and Mirage aircraft. Malat Div. (Ben Gurion InternationalAirport, Israel): Builds and operates all-composite UAVs; designs,produces and integrates UAV systems. Mata Div. (Jerusalem,Israel): Maintains, modifies, overhauls and repairs helicopter struc-tures, systems and components; CAD/CAM design and production oflightweight, fire-resistant electrical harnesses; produceshelicopter/aircraft crew and passenger seats.Joint Ventures:Eurolair Industries, partner: Eurolair International (France).Galaxy Aerospace Corp., partner: HG Inc. (USA). ImageSatInternational (ISI), partners: Core Software Technology (USA),Electro Optics Industries (Israel). Medis Technologies, partners:Lifton & others (USA). Pioneer UAV Inc., partner: AAI (USA).Spacecom Satellite Communications Services Ltd., partners:Gilat Communications, GSSC, Mer Services Group (all Israel).

ISRAEL AIRCRAFT INDUSTRIES LTD.70100 Ben Gurion Int’l. AirportIsraelTel: (972-3) 935 3111Fax: (972-3) 935 8516www.iai.co.il

FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 1,874 2,000 7%Operating Expenses — — —Net Profits 41 70 71%Debt to Equity Ratio — — —*AW&ST conversion based on exchange rates avilable on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

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FINANCIALS ($ MILLIONS): 1998 1999 % ChangeOperating Revenues 4,493 4,632 3%Operating Expenses 4,567 4,217 (8%)Net Profits 1,533 233 (85%)Debt to Equity Ratio — — —

Employment: 37,800

Officers:Chairman & CEO Travis EngenPresident & COO Louis Giuliano


ITT INDUSTRIES4 West Red Oak LaneWhite Plains, NY 10604, USATel: (914) 641-2000Fax: (914) 696-2950www.itt.com

KAMAN CORP.PO Box 1Bloomfield, CT 06002, USATel: (860) 243-7100Fax: (860) 243-6365www.kaman.com

Employment: 4,000

Officers: Chairman Charles H. KamanPresident & CEO Paul R. Kuhn President, Kaman Aerospace Corp. Walter B. Kozlow President, Kamatics Corp. John Kornegay

Kaman Aerospace Corp. (Bloomfield, CT, USA):Builds helicopters, aircraft components and composite structures.Historical and ongoing projects include Boeing 767, 777 and C-17aircraft structures; K-MAX; SH-2 Seasprite series, (255 produced,including 11 new-build SH-2G Super Seasprites). Electro-OpticsDevelopment Center (Tucson, AZ, USA): Builds Light Detectionand Ranging (Lidar) systems. Kaman Aerospace International(Bloomfield, CT, USA): International affiliate of Kaman AerospaceCorp. Kaman Aerospace-Middletown Operations(Middletown, CT, USA): Missile arming, fuzing, safing and massmemory systems.

Kaman Instrumentation (Colorado Springs, CO, USA):Produces non-contact position measuring systems and microwavecable assemblies.Other Units:Electromagnetics Development Center (Hudson, MA, USA):Builds advanced electromagnetic motors and generators. KamaticsCorp. (Bloomfield, CT, USA): Builds self-lubricating bearings andsurface coatings for aircraft; mechanical drive couplings for heli-copters. Joint Ventures:Kamatics-Barden, partner: Barden (UK).


FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 1,006 984 (2%)Operating Expenses 956 943 (1%)Net Profits 30 25 (17%)Debt to Equity Ratio 11% 10% (9%)†Values updated from 2000 Source Book.

Connectors and Switches Business (Santa Ana, CA, USA):Produces electronic components, switches, interconnect systems, testing acces-sories, information card technology and high-speed cable systems.Defense Business (McLean, VA, USA):Advanced Engineering & Sciences Div. (Colorado Springs, CO; AnnapolisJunction, MD; Ashburn and Reston, VA, all USA): Designs, manufactures and mar-kets advanced digital communications products and systems for government cus-tomers. Aerospace/Communications Div. (Fort Wayne, IN, USA): Producesstrategic and tactical communications networks; satellite electronics systems;Single Channel Ground and Airborne Radio System (SINCGARS); Airterm airbornesecure voice and data communications terminal. Avionics Div. (Clifton, NJ, USA):Produces EW systems; AN/ALQ-165 ASPJ, AN/ALQ-172 ECM systems for AC-130Hand B-52; Advanced Threat Radar Jammer (ATRJ) for AH-64. Gilfillan Group(Van Nuys, CA, USA): Builds air traffic control, air defense and coastal defense

radars. Night Vision Div. (Roanoke, VA, USA): AN/AVS-6, AN/PVS-7,AN/PVS-7B night-vision systems and goggles. Systems Div. (Colorado Springs,CO, USA): Operation and maintenance services, information technologies, consult-ing and technical assistance, military systems effects and analysis and hardwaredesign, test and evaluation. Fluid Technology Business (Upper Saddle River, NJ, USA): Aerospace Controls Div. (Burbank, CA, USA): Makes fuel, hydraulic and pneu-matic control valves for fixed-wing aircraft and helicopters. Harper AerospaceFasteners Div. (Burbank, CA, USA): Produces aerospace fasteners; pressure,temperature and letting flow switches.Joint Ventures:Consolidated Electronic Countermeasures, partner: Northrop Grumman(USA). Spaceport Systems International, partner: California CommercialSpaceport Inc. (USA).


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Officers:Chairman & CEO Michael R. Brown; President & COO Ronald D. Sugar;Sr. VP & CFO D. Michael SteuertLITTON INDUSTRIES INC.

21240 Burbank Blvd.Woodland Hills, CA 91367, USAtel: (818) 598-5000fax: (818) 598-5940www.Litton.com

FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 4,828 5,588 16%Operating Expenses 4,497 5,202 16%Net Profits 121 222 83%Debt to Capital Ratio 44% 48% 9%*Fiscal year ends July 31. Aerospace Organization/Products: Employment: 40,300

Advanced Electronics:Advanced Systems Div. (College Park, MD, USA): Passive detection andsurveillance systems, spacecraft electronics, space support services and integratedvoice communication switching systems. Aero Products Div. (Woodland Hills, CA,USA): ARINC-regulated navigation and guidance systems for commercial, generalaviation and military transport aircraft. Electron Devices Div. (San Carlos, CA,USA): Microwave devices and subsystems. Electro-Optical Systems Div.(Garland, TX, USA): Night-vision and infrared systems. Guidance & ControlSystems Div. (Woodland Hills, CA, USA): Inertial navigation and guidance sys-tems, inertial platforms and inertial measurement systems, attitude and headingreference systems for all classes of military vehicles and weapons. IntegratedSystems Div. (Northridge, CA, USA): Command, control, communications andintelligence systems; hand-held terminals, integrated ship electronics. LaserSystems Div. (Apopka, FL, USA): Laser rangefinders and designators and IRCMtransmitters. Litton Italia SpA (Rome, Italy): Inertial navigation systems and atti-tude heading reference systems for airborne, ship and land application. LittonMarine Systems (Charlottesville, VA, USA): Navigation and control systems formarine platforms, commercial off-the-shelf equipment for military applications.Litton Systems Canada Ltd. (Toronto, Ontario, Canada): Inertial navigation sys-tems, flight inspection systems, airborne surveillance radars and light-emittingdiode and liquid crystal displays. TELDIX GmbH (Heidelberg, Germany): Avionicsnavigation systems for aircraft and ships, momentum and reaction wheels for spacesatellites.

Electronic Components & Materials Group:Airtron Div. (Morris Plains, NJ, USA): Microwave components, subsystems, laser mate-rials and gallium arsenide substrates. Interconnect Technologies Div. (Springfield,MO, USA): Double-sided, multilayer back panels and printed circuit boards. KesterSolder Div. (Des Plaines, IL, USA): Soldering materials. Life Support Div.(Davenport, IA, USA): Life-support equipment. Litton Precision ProductsInternational (Watertown, CT, USA): International marketing and sales of Litton elec-tronic and electromechanical components, subsystems and systems. Poly-ScientificDiv. (Blacksburg, VA, USA): Rotary components, including slip ring assemblies androtary joints; synchros and encoders; motors, resolvers and engine instrumentation;actuators. VEAM SrL. (Milan, Italy): Multipin connectors. VEAM USA (Watertown, CT,USA): Multipin, electro-optical, cylindrical and pneumatic connectors. WinchesterElectronics Div. (Watertown, CT, USA): Electrical and electronic connectors. Information Systems Group:PRC Inc. (McLean, VA, USA): Design, integration and support of computer-based infor-mation systems and reengineering of business processes. TASC Div. (Reading, CA,USA): High-end information technology solutions to government and commercial clients.Litton Ship Systems:Avondale Industries (New Orleans, LA, USA) and Ingalls Shipbuilding Div.(Pascagoula, MS, USA): Design, engineering, construction, repair, overhaul, modern-ization and fleet support of surface ships and commercial marine products. FullService Center (Pascagoula, MS, USA): Complete range of research and develop-ment, design and life-cycle support services.


FINANCIALS ($ MILLIONS)*: 1999† 2000 % ChangeOperating Revenues 9,973 10,831 9%Operating Expenses 8,670 9,504 10%Net Profits (51) (176) (245%)Debt to Equity Ratio 196% 229% 17%*Fiscal year ends on March 31. AW&ST conversion based on exchange rates avilable on 3/31/99 and 3/31/00. †Values updated from 2000 Source Book.


Aerospace Group (Tokyo, Japan):Manufactures Boeing 737 wing in-spar ribs, 747 outboard flaps and 767 forward fuselage panels, overwing fuselage panels and wing in-spar ribs;Boeing 777 forward and center fuselage panels, keel beam, after wheel-well bulkhead, pressure bulkheads, cargo doors and wing in-spar ribs.Makes BK 117, CH-47J, and OH-1 helicopters; P-3C ASW patrol plane and T-4 intermediate jet trainer; XATM-4 antitank missile and short-range sur-face-to-surface missiles. Overhauls C-1, C-130, E-2C and E-767 aircraft. Space-related products include: payload fairing of H-2A rocket andJapanese Experiment Module (a part of the International Space Station).

Gas Turbine Div. (Tokyo, Japan): Manufactures T53 and T55 turboshaft engines; RE220 and 131-9 APUs; performs overhauls on LTS101, Marine Olympus, Marine Spey, Marine Tyreand Orpheus engines; transmission for BK 117 and OH-1. Is currently developing the Air-Turbo Ramjet engine.

Subsidiary:Kawasaki Helicopter System Co.: Construction, external load, logging and sightseeing.

KAWASAKI HEAVY INDUSTRIES LTDWorld Trade Center Building2-4-1 Hamamatsu-choMinato-ku, Tokyo, JapanTel: (81) 3 3435 2111Fax: (81) 3 3436 3037www.khi.co.jp

Employment: 15,649

Officers:Chairman Toshio KameiPresident Masamoto TasakiSr. General Manager, Aerospace Group Toshiaki Ouchida


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Global Telecommunications Sector:Lockheed Martin Global Telecommunications (Bethesda, MD,USA): Network services, satellite services, systems & technology.Lockheed Martin Aeronautics Co. (Fort Worth, TX, USA):Lockheed Martin Aeronautics Co.-Fort Worth (Fort Worth, TX,USA): Participates in Japan’s F-2 fighter (with Mitsubishi HeavyIndustries), produces F-16 fighters (4,021 delivered through 11/00),produces one-third of the F-22 fighter, made F-111 fighter/bomber.Leads corporation’s Joint Strike Fighter (JSF) program (in competitivedevelopment, two X-35 demonstrators produced), working with Koreanindustry in development of the T-50 supersonic trainer/light attack air-craft project. Lockheed Martin Aeronautics Co.-Marietta(Marietta, GA, USA): Producer of C-5 Galaxy (131 delivered), C-27J(developmental, 3 delivered as of 11/00), C-130A-H Hercules (2,156delivered), C-130J (68 delivered as of 11/00), C-141 Starlifter (285delivered), F-22 advanced tactical fighter (developmental; 4 delivered,339 planned for USAF), JetStar (202 built), P-3 Orion ASW aircraft(650 built), S-3 Viking ASW aircraft (187 delivered); also containsLockheed Martin Aeronautical Systems Support Co. (Smyrna, GA, USA).Lockheed Martin Aeronautics Co.-Palmdale (Palmdale, CA, USA):Producer of F-117 stealth aircraft (59 delivered); classified aircraftdevelopment programs (including SR-71 and U-2 surveillance aircraft);unmanned aerial vehicle development; selected for NASA’s X-33reusable launch vehicle; aircraft systems design, integration and modi-fication; aircraft maintenance, training and logistics. Lockheed Martin Space Systems Co. (Littleton, CO, USA):Astronautics Operations (Littleton, CO, USA): Designs, develops,tests and manufactures a variety of advanced technology systems forspace and defense. Chief products include planetary spacecraft andother space systems, space launch systems (Atlas, Athena 1 and 2,Centaur, EELV, MSLS, Titan 2 and 4), and ground systems. CommercialSpace Systems (Sunnyvale, CA, USA): Designs, builds, markets andoperates turnkey satellite systems (including A2100 commercial com-munications satellites) for the space-based telecommunications andremote sensing markets, and provides space-based solutions for otherapplications; CSS also contains Communications and Power Center(Newtown, PA, USA). Lockheed Martin Management & DataSystems (King of Prussia, PA, USA): All-weather, high-resolution syn-thetic aperture radar systems; automatic target recognition; digital sig-nal processing; image processing/exploitation; bi-static radar systems;foliage penetration radar; precision weapon guidance systems; UAVcommand and control systems; imagery exploitation systems; imagerytraining systems; C3I with emphasis on large-scale systems integration,intelligence processing, exploitation, and multi-level security and datastorage technologies; communication systems offering large satcom


LOCKHEED MARTIN6801 Rockledge Drive Bethesda, MD 20817, USATel: (301) 897-6000Fax: (301) 897-6083www.lockheedmartin.com

ground terminals/stations; integrated communication systems and com-plete communication networks methodologies; high-speed strategicinformation and data processing systems; systems engineering andintegration of large, sophisticated information processing systems forgovernment and commercial customers; experience in command andcontrol systems for the intelligence community, US Defense Dept.,NASA; high-volume data processing; systems management. MichoudSpace Operations (New Orleans, LA, USA): Space shuttle externaltanks, X-33 aluminum liquid oxygen tanks, composite liquid oxygentank for X-34. Missiles & Space Operations (Sunnyvale, CA, USA):Advanced EHF national team, Airborne Laser, DSCS and Milstar satel-lites; Space Based Laser Integrated Flight Experiment, Theater High-Altitude Area Defense System and Trident fleet ballistic missiles.Remote sensing satellites include DMSP, Ikonos, Space-Based InfraredSystem-High (SBIRS-High) and TIROS. Scientific projects includeInternational Space Station solar arrays and other systems; TerrestrialPlanet Finder. M&SO also contains Advanced Technology Center (PaloAlto, CA, USA): Capabilities include artificial intelligence, distributedprocessing and embedded processing within embedded training, infor-mation infrastructure, intelligent systems and virtual prototyping. Lockheed Martin Technology Services (Cherry Hill, NJ, USA):Aircraft & Logistics Centers (Greenville, SC, USA). GreenvilleAircraft Center (Greenville, SC, USA) and Kelly Aviation Center (SanAntonio, TX, USA). Contracts field teams for on-site maintenance andlogistical support. Comprehensive support services for a wide variety ofmilitary and commercial customers around the world. Contractor logis-tics support, maintenance, modification and back shop support.Specializes in developing and managing international aviation servicecenters, privatizing aerospace-related depots, establishing joint ven-tures in foreign countries and marketing modification and maintenanceprojects worldwide. Energy Programs (Washington, DC, USA). AtomicWeapons Establishment (AWE) (UK): A consortium of British NuclearFuels, Ltd., Lockheed Martin and Serco, operates as the steward for theUK’s nuclear weapons stockpile. Technology Ventures Corp. (TVC)(Albuquerque, NM, USA): Commercializes technology from the nationallaboratories (primarily Sandia) and regional research universities.Information Support Services (Seabrook, MD, USA): Providestelecommunications and network engineering, web-based applications,ERP solutions, seat management, data center operations, and informa-tion security for the US DOD and state and local governments. KnollsAtomic Power Laboratory (KAPL) (Schenectady, NY, USA):

FINANCIALS ($ MILLIONS): 1998† 1999 % Change

Operating Revenues 26,266 25,530 (3%)Operating Expenses 23,914 23,865 (0.2%)Net Profits 1,001 382 (62%)Debt to Capital Ratio 160% 180% 13%†Values updated from 2000 Source Book.

Officers:CEO Vance D. Coffman; President & COO Robert J. Stevens; Exec. VPLockheed Martin Aeronautics Co. Dain M. Hancock; Exec. VP SpaceSystems Albert E. Smith; Exec. VP Systems Integration Robert B. Coutts;Exec. VP Technology Services Michael F. Camardo; CEO Lockheed MartinGlobal Telecommunications Inc. John V. Sponyoe; VP & CFO Robert J.Stevens

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Designs and provides support for nuclear reactors on board US Navyships; trains US Navy personnel in nuclear power plant operation.Sandia National Laboratories (Albuquerque, NM, USA):Engineering sciences, materials and processes, pulsed power, microelec-tronics and photonics, and computational and information sciences.Space Operations (Houston, TX, USA): Provides support services toNASA and the National Oceanographic and Atmospheric Administration(NOAA) command and data acquisition stations; mission operations andcontrol systems; flight hardware research, development and integra-tion; payload development, integration and operation; satellite opera-tion, tracking and control; information systems support; propulsion test-ing; engineering and technical support for life science projects.Systems Support & Training Services (Seabrook, MD, USA):Provides operation, maintenance, logistics and engineering services formilitary combat and weapons systems, the FAA’s National AirspaceSystem and military training ranges; instructor services for aircrew andweapons systems operators; engineering, modification and softwaresupport of flight simulators and training devices; develops PC-basedinteractive training courseware. Technical Operations (Sunnyvale,CA, USA): Satellite operations, space launch services, mission planning,sustaining engineering, integrated logistics support, and operations andmaintenance for the US DOD, NASA and other customers. Stand-alone Units:Integrated Business Solutions (Orlando, FL, USA): Provides dataprocessing and communications services for Lockheed Martin Corp.Lockheed Martin Enterprise Information Systems (Orlando, FL,USA): Provides value-added, technology-based information services tovarious Lockheed Martin businesses. Lockheed Martin IMS(Teaneck, NJ, USA): Data processing and systems integration servicesfor state and local governments. Systems Integration:Systems Integration-Owego (Owego, NY): Provides integrated,advanced-technology system solutions for defense, civil and industrialcustomers; capabilities include systems integration, program manage-ment, hardware and software development, manufacturing and logis-tics support. Lockheed Martin Air Traffic Management (Rockville,MD, USA): Develops, deploys and maintains advanced air traffic controlsystems. Expertise and products include area, terminal and towerautomation; radar and flight data processing; system infrastructuredevelopment; systems integration and support. Lockheed MartinCanada (Kanata, Ontario, Canada): Electronic systems for naval andairborne programs. Lockheed Martin Distribution Technologies(Owego, NY). Lockheed Martin Information Systems (Orlando,FL, USA): Business activities are structured into three major productareas: Support Solutions, Information Technology and IdentificationSolutions, and Training and Simulation Solutions. Applications includemodernization of existing information systems (and the businessprocesses they service), advanced large-scale simulation capabilities,simulation/training systems and data processing services. LockheedMartin Missiles and Fire Control Segment (Dallas, TX, USA):Comprises two units, Lockheed Martin Missiles and Fire Control-Dallas(Dallas, TX, USA) and Lockheed Martin Missiles and Fire Control-Orlando (Orlando, FL, USA): Develops and produces air defense sys-tems (ADATS, Chaparral, MEADS, Patriot, PAC-3), anti-armor and air-to-air missiles (Hellfire 2, Javelin, Longbow Hellfire, LOSAT, MPIM/SRAW,

PGMM, Predator, Python 4, Starstreak); fire control and sensors (ABL-IRSS, Arrowhead, Comanche EOSS, F-14 IRST, LANTIRN, Longbow, NITEHawk, PANTERA, PVS, shipboard IRST, Target Sight System,TRACER/FSCS); fire support systems (ATACMS, HIMARS, MLRS, NavyTACMS,); strike weapons (AGM-142, AUP, BLU-109, HAVE LITE, JASSM,LOCASS, WCMD). Lockheed Martin Mission Systems(Gaithersburg, MD, USA): Information system integration programs,aerospace information operations, space systems support, defenseinformation systems. Lockheed Martin Naval Electronics &Surveillance Systems Segment (Moorestown, NJ, USA). LMNE&SS-Akron (Akron, OH, USA): Simulation and training systems for flight,cockpit procedures and total aircrew mission rehearsal; real-world data-base generation systems; undersea and antisubmarine weapon sys-tems; high-speed, parallel processing computers for airborne andundersea command and control; digital image processing systems; shipand aircraft laser-based self-defense systems and sensor systems; tacti-cal weapon and guidance systems, and a metalcraft/electronic manu-facturing capability. LMNE&SS-Radar Systems (Syracuse, NY, USA): sur-veillance, air and missiles defense systems (AN/FPS-117, AN/TPS-59(V)3, AN/TPS-73, AN/TPS-117), airborne systems (AN/APG-67 mul-timode radar, AN/APG-67 Derivative SAR System, APS-145), short-range air defense systems (PSTAR), weather systems (EnvironmentalSituation Assessment Radar, Integrated Weather Systems, NEXRADWSR-88D wind and temperature profilers), product support, and PerryTechnologies (Riviera Beach, FL, USA). LMNE&SS-Surface Systems(Moorestown, NJ, USA): Development and production of multifunction,phased-array radars used in major combat systems, including Aegis firecontrol, combat systems, and radars for cruisers and destroyers.Strategic and tactical land-based air defense systems, combat systems,marine systems, weapon location systems, range systems and intelli-gence. LMNE&SS-Tactical Systems (Eagan, MN, USA): Designs and man-ufactures militarized, ruggedized and commercial off-the-shelf (COTS)defense computer systems for airborne, surface, undersea and groundapplications. The unit is a prime system integrator for maritime surveil-lance aircraft, a subsystem integrator of shipboard and airborne appli-cations, has delivered a number of command, control, communications,computers and intelligence (C4I) systems, and provides engineeringand technical support, customer field service support and manufactur-ing services. LMNE&SS-Undersea Systems (Manassas, VA, USA):Products and services in support of submarine combat systems, signalprocessors, training systems, surveillance data processing systems andspace processors. Joint Ventures:Airport Group International, partner: Soros Capitol LP (Bermuda).Earth Observation Satellite Co. (Eosat), partner: Boeing (USA).Lockheed International Launch Services, partners: KhrunichevEnterprise and NPO Energia (both Russia). Lockheed Martin AleniaTactical Transport Systems (LMATTS), partner: Alenia (Italy).Longbow Limited Liability Co., partner: Northrop Grumman (USA).Raytheon/Lockheed Martin Javelin Joint Venture, partner:Raytheon (USA). Space Imaging Inc., partner: Raytheon (USA).TUSAS Aerospace Industries, partner: Turkish Aircraft Industries(Turkey). United Space Alliance, partner: Boeing (USA). Note alsothat Lockheed Martin retains a 20% equity share of Loral Space &Communications.


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Data Services (Rockville MD, USA):Loral Cyberstar: Provides managed communications networks via very smallaperture terminals (VSATs) and Internet/intranet services. It providesInternet Protocol (IP) broadband data, Internet and multimedia services tobusinesses and Internet service providers. The data services segment leasestransponder capacity on the Telstar fleet. Fixed Satellite Services (Bedminster, NJ, USA):Leases transponder capacity and provides value-added services to cus-tomers for a variety of applications, including the distribution of broadcastprogramming, news gathering, business television, distance learning anddirect-to-home services. Loral Skynet: A global provider of satellite-basedcommunications services as the leader of Loral’s Global Alliance. TheAlliance comprises the broadcast services of Loral Skynet via the Telstar

satellite fleet and Satelites Mexicanos, S.A. de C.V. (Satmex), as well as thebroadcast and communications services of Europe*Star, a strategic partner-ship with Alcatel. Global Mobile Telephony (San Jose, CA, USA):Loral leads an international joint venture for the Globalstar system of LEOsatellites. Globalstar: A next-generation provider of mobile satellite com-munication services, providing telephone communication to previouslyunserved geographical areas. Service is being established throughout theworld systematically on a region by region basis. Satellite Manufacturing and Technology (Palo Alto, CA, USA):Space Systems/Loral: Designs and manufactures satellites and otherspace systems. Also provides a range of related services, including missioncontrol operations and procurement of launch services.

LORAL SPACE & COMMUNICATIONS600 Third Ave., New York, NY 10016, USATel: (212) 697-1105Fax: (212) 338-5662


Employment: 4,000

Officers:Chairman & CEO Bernard L. Schwartz; Executive VP Eric J. Zahler;First Sr. VP Michael P. DeBlasio; Sr. VP & Treasurer Nicholas C.Moren; Sr. VP & CFO Richard J. Townsend


FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 24,120 27,085 12%Operating Expenses 21,199 24,728 17%Net Profits 150 (1,291) (961%)Debt to Equity Ratio 74% 85% 15%*Fiscal year ends on March 31. AW&ST conversion based on exchange rates available on 3/31/99 and 3/31/00.

Employment: 40,400 (as of April 1999)

Officers:Chairman Nobuyuki MasudaPresident Takashi NishiokaManaging Director & General Manager, Aircraft & Special Vehicles Tadayuki Tanioka

Aircraft and Special Vehicles (Tokyo, Japan): Headquarters and sales functions for Civil Aircraft and Aeroengine Dept., DefenseAircraft and Aeroengine Dept., Guided Weapons Systems and Space Systems Dept. Kobe Shipyard and Machinery Works (Kobe,Japan): Manufactures Yushio and Oyashio-class submarines. Nagasaki Shipyard and Machinery Works (Nagasaki, Japan):Manufactures Kongo-class Aegis warships and Asagiri-class destroyers. Nagoya Aerospace System Works (Nagoya, Japan):Manufactures F-2 and F-15J combat aircraft; H2A launch vehicle; produces 747 flaps, 767 aft fuselage panels, 777 aft fuselage and doors,and MD-11 tail cone. Produces Bombardier Global Express wings and mid fuselage, CRJ-700 aft fuselage; MH 2000A, Q-400 Dash 8 centerfuselage, SH-60 and UH-60 helicopters. Nagoya Guidance and Propulsion System Works (Nagoya, Japan): Produces AIM-9L andType 90 AAM3 air-to-air missiles; Type 80 ASM-1, Type 91 ASM-1C and Type 93 ASM-2 air-to-ship missiles; Type 90 SSM-1B ship-to-shipmissiles. Produces aircraft engines and LE-5A, LE-7 and LE-7A rocket motors.

MITSUBISHI HEAVY INDUSTRIES, LTD.2-5-1 MarunouchiChiyoda-ku, Tokyo 100-8315, JapanTel: (81-3) 32 12 3111Fax: (81-3) 32 12 9800www.mhi.co.jp

FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 1,302 1,458 12%Operating Expenses 1,335 1,520 14%Net Profits (139) (202) (45%)Debt to Capital Ratio 53% 73% 38%†Values updated from 2000 Source Book.


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FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 29,398 30,931 5%Operating Expenses 30,772 29,763 (3%)Net Profits (962) 817 185%Debt to Equity Ratio 27% 10% (63%)†Values updated from 2000 Source Book.

Employment: 146,000

Officers:Chairman of the Board and CEO Christopher B. Galvin;President and COO Robert Growney; Corporate Vice President and GeneralManager, Integrated Information Systems Group and General Manager,Integrated Systems Division Mark Fried; Vice President and GeneralManager, Space Systems and Services Division Ronald F. Taylor; Vice President and General Manager, Information Security Systems andProducts Division John Cole

Motorola Integrated Information Systems Group (Scottsdale, AZ, USA):Specializes in developing and integrating command, control, communications, computer, intelligence, surveillance and reconnaissance (C4ISR) systems; security and encryption sys-tems, space communication and operations and asset management systems for projects worldwide. Information Security Systems and Products Division (Scottsdale, AZ):Manufactures air-traffic-control radio systems and encrypted landline and radio communications solutions. Engineered and delivered the Digital Modular Radio (DMR), a fully soft-ware redefinable radio system based on Motorola 6004 Wireless Information Transfer System (WITS) technology, for the US Navy; designed the Combat Search and Rescue system(CSAR) including the PRC-112 and NEW GPS-112 transceiver and Quickdraw Interrogator. Integrated Systems Division (Scottsdale, AZ): Designs and integrates the TacticalOperation Center (TOC; 64 delivered); Tactical Airspace Integration System (TAIS) and the US Army’s Combat Identification for Dismounted Soldier (CIDDS); Common GroundStation (CGS); Joint Services Work Station (JSWS); US Air Force Theater Deployable Communications (TDC); Integrated Communications Access Packages (ICAP); US Coast GuardNational Distress and Response System Modernization Program; US Marine Corps CGS and JSWS; Canadian Defense Department Military Message Handling System, US ArmyCombat Synthetic Training Assessment Range (CSTAR) and Airborne Stand-Off Radar Programme (ASTOR) for the UK Ministry of Defence. Space Systems and ServicesDivision (Scottsdale, AZ): Designs and manufactures near-Earth and deep space tracking, telemetry and control (TT&C) transponders, space-borne GPS receivers for position navi-gation and timing; and advanced communication satellite and space communication payload subsystems. Recently provided the Earth-spacecraft and spacecraft-to-spacecraft com-munications link for NASA’s Mars Global Surveyor, Mars Pathfinder, Mars Surveyor 98, New Millennium Deep Space 1 and STARDUST missions, as well as the communications pay-load for the International Space Station.


MOTOROLA INC.1303 East Algonquin RoadSchaumburg, IL 60196, USATel: (847) 576-5000Fax: (847) 576-7653www.mot.com

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FINANCIALS ($ MILLIONS): 1998 1999* % Change Operating Revenues 8,902 7,616 (14%)Operating Expenses 8,146 — —Net Profits 194 483** 149%Debt to Equity Ratio 90% 61% (32%)*Restated for sale of Aerostructures which took place in July 2000. **Before one-time accounting change.

Officers:Chairman, President & CEO Kent Kresa; Corporate VP & CFORichard B. Waugh, Jr.; Corporate VP & Treasurer Albert F. Myers;Corporate VP Govt. Relations Robert W. Helm; Corporate VP &President, Logicon Inc. Herbert W. Anderson; Corporate VP &President, Integrated Systems Sector Ralph D. Crosby, Jr.;Corporate VP & President, Electronic Sensors & Systems SectorJames G. Roche

Electronic Sensors and Systems Sector (Baltimore, MD, USA):Designs, develops and produces radars and electronic systems for combat aircraft, battle-space management, military space and undersea programs, and air traffic control. The divi-sion also designs, develops and produces electronic countermeasures, tactical communica-tions, precision weapons, marine systems and automation and information systems.Airborne Surveillance Systems (Baltimore, MD, USA): AN/APY-1/2 RSIP for E-3Airborne Warning and Control System (AWACS), MESA radar for 737 AEW&C. AirspaceManagement Systems (Baltimore, MD, USA): Air traffic control radars (ARSR-4, ASR-9and ASR-12), MODE-S monopulse secondary surveillance radar, air defense systems,ground-based surveillance radars (AN/TPS-63, AN/TPS-70, AN/TPS-75 and FPS-130).Avionics Systems (Baltimore, MD, USA): Produces aircraft radars, including AN/APG-66(F-16A/B, NATO F-16 MLU program); AN/APG-68 (F-16C/D); AN/APG-77 active electroni-cally scanned array radar (in a Northrop Grumman-led joint venture with Raytheon for theF-22 aircraft); AN/APN-241 (C-130H, C-130J, HS-748 Australian naval trainer); AN/APQ-164 phased array radar (B-1B). Specializes in airborne reconnaissance and surveillance sys-tems, Night Giant electro-optical surveillance system for Nimrod MPA, RISTA IR line scannerfor F-16A/B. California Microwave Systems (Woodland Hills, CA, Belcamp andHagerstown, MD): Airborne reconnaissance and surveillance systems, government ground-based SATCOM systems, communications gateway systems, and mission planning.Defensive Systems (Rolling Meadows, IL, USA): Produces the AN/AAQ-24(V) directionalinfrared countermeasures system (DIRCM); the AN/ALQ-135 internal countermeasures sys-tem and AN/ALQ-162 countermeasures set; Tactical Radar Electronic Countermeasures sys-tem for use on UAVs; Microwave Power Modules; Global Positioning System Aided Munition(GAM) 2,000-lb. bombs with custom tail kit; Unattended Ground Sensor (UGS) covert,unmanned battlefield monitoring device; Improved Air Delivered Sensor, based on UGS;Mast-Mounted Sight high-resolution sensor suite; LITENING airborne infrared targeting andnavigation pod; Integrated Family of Test Equipment (IFTE) standard automatic test equip-ment, including Base Shop Test Facility and F-15 Down-Sized Tester; Consolidated AutomatedSupport System (CASS) electro-optical test system; Integrated Support System to monitor,analyze and debug operational software; Virtual System Analyzer test instrumentation sys-tem; System-Level Test Set to verify performance of ALQ-135 prior to delivery. Also elec-tronic countermeasure systems, including AN/AAR-54 passive missile approach warning sys-tem; AN/ALQ-131 (A-10, C-130, F-4, F-15, F-16, F-111 and Harrier); and through a jointventure with ITT Avionics, AN/ALQ-165 Airborne Self-Protection Jammer (ASPJ), on the F-14D, F-16C and F/A-18C/D. Land Combat Systems (Baltimore, MD, USA): Teamed withLockheed Martin to produce the Longbow radar and Hellfire missile systems for the AH-64DApache helicopter; Vehicular Intercommunications System; TESAR radar for the PredatorUAV; Brilliant Anti-Tank (BAT) submunition; mission computer cluster for the Commanchehelicopter and, in a joint venture with Lockheed Martin, the fire control radar forComanche; REMOTEC hazardous duty robots. Marine Systems (Sunnyvale, CA, USA):Submarine propulsion, power generation, reactor control and missile launching system, sur-face ship propulsion and power generation gas turbines, (ICR) diesel engines and mainreduction gears, and surface ship power distribution and power conditioning system.Northrop Grumman Norden Systems (Norwalk, CT, USA): AN/APG-76 airborne radar,AN/APY-3 (Joint-STARS radar), APY-6 airborne radar, AMASS and ASDE-3 ground traffic con-trol radar systems ; and radar sensor systems (AN/SPS-40 air search radar and AN/SPS-67surface search radar). Oceanic and Naval Systems (Annapolis, MD, USA): AdvancedSEAL Delivery System (ASDS), surface ship ASW (21HS) and radar sensor systems (AN/SPQ-9B anti-ship missile defense radar), unmanned undersea vehicle (UUV) systems for minereconnaissance, torpedo defense systems, mine hunting search sonar (AN/AQS-14), torpe-does (Mk48, Mk48 ADCAP), antisubmarine warfare targets (SPAT), submarine hull-mountedacoustic systems (AN/WLY-1 Acoustic Intercept System, Lightweight Wide Aperture Array,and High-Frequency Bow Conformal Array). Park Air Electronics Ltd. (Peterborough,

UK): Civil and military VHF and VHF/UHF digital radios, communications systems. SBIRSProgram Office (Bethpage, NY, USA): Member of Lockheed Martin team developingSpace-Based Infrared System (SBIRS), a satellite system to detect and track ballistic missiles.Space Systems (Baltimore, MD, USA): Space-Based Infrared System (SBIRS High/Low),providing MWIR/LWIR scanning and staring sensors to detect and track ballistic missiles.Multispectral/Hyperspectral spaceborne cameras (DMSP Operational Linescan System,Orbview 3, Orbview 4, Warfighter 1), SAR/MTI sensors (DARPA), Aperture Risk Reduction,Discoverer 2 Technology Demo, AFRL TRAM 2, Multi-INT ground processing systems (ArmyETRAC, Army Tactical Exploitation System [TES]), Navy Littoral Surveillance Systems (LSS),USAF Common Imagery Processor (CIP). Xetron Corp. (Cincinnati, OH, USA): Radio equip-ment, secure software and communications systems. Integrated Systems Sector (Dallas, TX, USA):Airborne Early Warning and Electronic Warfare (Bethpage, NY, USA): Engineering,management and logistics support for E-2C Hawkeye airborne early warning and control(AEW&C) aircraft; development and flight test of next-generation Hawkeye 2000, which fea-tures Mission Computer Upgrade and Advanced Control Indicator Set workstations—complet-ed, with Navy technical and operational evaluations to begin; multiyear procurement contractfor 24 (21 for US Navy, 1 for France, 2 for Taiwan) new Hawkeye 2000 aircraft awarded in1999; integration of Cooperative Engagement Capability continues; research of InfraredSearch and Track capability begun in 1999; marketing AEW solutions worldwide. Program andengineering headquarters for EA-6B Prowler and related electronic warfare aircraft programs;engineering and manufacturing development of next-generation Increased Capability-3(ICAP-3) underway. Research and development related to AEW & EW systems. Program, busi-ness and engineering management for Modifications, Repairs and Overhauls (MRO) BusinessArea. Supporting A-7 Corsair 2 and S-2T International customers, USAF A-10 Thunderbolt 2,USN Fleet support of C-2A Greyhound and F-14 Tomcat; support of F-5/T-38International/USAF users. (St. Augustine/Cecil Commerce Center, FL, USA): Modifications,Repairs and Overhauls of various aircraft, including A-7, A-10, C-2A, E-2C, EA-6B, F-5E, F-14,F/A-18, production of new E-2Cs with two new production E-2C Group 2 aircraft scheduled fordelivery in 2000; and headquarters for Northrop Grumman Field Support Services. AirborneGround Surveillance and Battle Management (Melbourne, FL, USA): Produces the E-8CJoint Surveillance Target Attack Radar Systems (Joint-STARS) for the US Air Force; seven deliv-ered as of March 2000, with eight additional aircraft on order; research and development forAGS & BM Systems. Upgrades and refurbishes 707 aircraft for use as E-8C Joint-STARS plat-forms (Lake Charles, LA, USA); Air Combat Systems (El Segundo, CA, USA): Prime contrac-tor for B-2 Stealth bomber. Provides B-2 depot maintenance at Palmdale, CA, USA. Producedand delivered 21 aircraft; 20 at Whiteman AFB, MO, one aircraft assigned to Edwards AFB, CA,to flight-test software and weapons systems upgrades; principal subcontractor to Boeing on theF/A-18C/D Hornet and F/A-18E/F Super Hornet strike fighters. Designed, developed and pro-duces the F/A-18’s center and aft fuselage and twin vertical tails and integrates all associatedsubsystems. Principal member of the Lockheed Martin Joint Strike Fighter (JSF) Team compet-ing to develop next-generation strike fighter (El Segundo, CA, USA). Designed and is develop-ing unmanned aerial vehicle (UAV) systems (Fire Scout vertical takeoff surveillance, GlobalHawk high-endurance reconnaissance, and Miniature Air Launched Decoy) (San Diego, CA,USA). Designed, developed and produces BQM-34 Firebee and BQM-74E/Chukar multiroleaerial targets (Palmdale, CA, USA). Modifies and upgrades F-5 fighters and T-38 trainers asoriginal designer/manufacturer (El Segundo, CA, USA).Logicon Inc. (Herndon, VA, USA), a wholly owned subsidiary of Northrop Grumman:Provides advanced information technologies, systems and services. Areas of expertise includecommand, control, communications, computers, intelligence, surveillance and reconnaissance(C4ISR), weapon systems, information systems, training and simulation, science and tech-nology, base and range support, and commercial information services.


NORTHROP GRUMMAN1840 Century Park EastLos Angeles, CA 90069, USATel: (310) 553-6262 Fax: (310) 201-3023www.northgrum.com


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Employment: 39,000

Officers: Chairman & CEO Duane Collins; President & COO Don Washkewicz;President, Parker Aerospace Group Steve Hayes

Parker Aerospace:Abex Aerohydraul Div. (Mainz-Kastel, Germany): Manufactures and services electro-mechan-ical actuators, hydraulic thrust-reverser actuators, hydraulic motors, hydraulic piston pumps,hydraulic systems and electro-hydraulic servovalves. Abex NWL Div. (Kalamazoo, MI, USA):Designs, manufactures and services electromechanical actuators, hydraulic thrust-reverser actua-tors, hydraulic motors, hydraulic piston pumps, hydraulic systems and electro-hydraulic servo-valves. Air & Fuel Div. (Irvine, CA, USA): Designs, manufactures and services aircraft fuel sys-tem components, aerial refueling equipment, high-temperature bleed air valves, turbine clear-ance control valves, air turbine starters and aircraft fire-suppression systems. Airborne Div.(Elyria, OH, USA): Designs, manufactures and services DC fuel pump products, AC fuel pumps,air pumps, bleed-air temperature control systems, bleed-air valves, regulator valves, filters,gauges and fittings. Aircraft Wheel & Brake Div. (Avon, OH, USA): Designs, manufacturesand services aircraft wheels, brakes, master cylinders, parking valves and hydraulic systems andcomponents. Control Systems Div.-Commercial (Ogden, UT, USA): Designs, manufacturesand services hydraulic systems, primary flight-control actuation and engine-control systems,integrated fly-by-wire electro-hydraulic servomodules, electronically controlled actuators, electro-mechanical actuators, flight-control components and hydraulic systems and components.Control Systems Div.-Military (Irvine, CA, USA): Designs, manufactures and serviceshydraulic systems, primary flight-control actuation and engine-control systems, integrated fly-by-wire electro-hydraulic servomodules, electronically controlled actuators, electromechanicalactuators, flight-control components and ballistic-tolerant hydraulic systems and components.Customer Support Commercial Div. (Irvine, CA, USA): Provides around the clock supportservices for some 50,000 Parker Aerospace part numbers, as well as online inventory, overhaul,and repair services; engineering support; technical data; training; and field service in support ofthe world’s airlines. Customer Support Military Div. (Irvine, CA, USA): Worldwide logistics

PARKER HANNIFIN CORP.6035 Parkland Blvd.Cleveland, OH 44124, USATel: (216) 896-3000; Fax: (216) 896-4000www.parker.com FINANCIALS ($ MILLIONS)*: 1999 2000 % Change

Operating Revenues 4,959 5,355 8%Operating Expenses 551 576 5%Net Profits 311 368 18%Debt to Equity Ratio 30% 31% 3%*Fiscal year ends June 30.


FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 731 875 20%Operating Expenses 718 934 30%Operating Income 13 (59) (554%)Debt to Equity Ratio 43% 78% 81%†Values updated from 2000 Source Book.

Employment: 4,500

Officers:Chairman, CEO & President David W. Thompson Sr. VP & CFO Jeffrey V. PironeExec. VP & CFO Garrett E. Pierce

Satellite Access Products Business:Magellan Corp. (Moscow, Russia; San Dimas and Sunnyvale, CA andRochester Hills, MI, all USA): Satellite access technology including consumer GPSnavigators, high-precision GPS systems (sold under the Ashtech brand name),automotive navigation systems (used in the Hertz NeverLost system) and wire-less satellite communications products.

Satellite Services Business:ORBCOMM Global, LP (Dulles, VA, USA): Global, two-way data andmessaging communications services. Orbital Imaging Corp. (ORBIMAGE)(Dulles, VA, USA): Worldwide Earth-imaging and remote sensing informa-tion services. ORBNAV (Plano, TX and Dulles, VA, USA): Satellite-basedautomobile navigation products and services including Magna Works (part-nered with Magna International) and Navigation Solutions (partnered withThe Hertz Corp.).

Space and Ground Infrastructure Business:Electronics and Sensor Systems Group (Pomona, CA and Germantown,MD, both USA): Intelligent transportation systems and space and ground sensorsystems. Launch Systems Group (Chandler, AZ; Vandenburg AFB, CA andDulles, VA; all USA): Produces Pegasus XL and Taurus space launch vehicles,Minotaur orbital/suborbital vehicle and a variety of suborbital launch vehicles.Space Systems Group (Germantown and Greenbelt, MD, Dulles, VA, allUSA): Satellites, space systems and technical services. Major GEO satellite pro-jects include: BSAT 2a/2b and Nstar C. Major LEO satellite projects include:GALEX, ORBCOMM, OrbView-3/-4, SORCE and VCL. Systems Integrationand Software Group (Toronto and Vancouver, Canada): Satellite ground sta-tions, air traffic control systems and software-based space, defense and infor-mation products. These are manufactured by the MacDonald, Dettwiler andAssociates Ltd. subsidiary, which was selected by the Canadian Government tobuild the RADARSAT-2 imaging satellite; online land information products.

ORBITAL SCIENCES CORP.21700 Atlantic Blvd.Dulles, VA 20166, USATel: (703) 406-5000Fax: (703) 406-5572www.orbital.com

support for systems and components manufactured by Parker Aerospace for military aircraftand related equipment. Services include sales and management of spares, warranty administra-tion, overhaul and repair, ground-support equipment, technical data and reliability manage-ment, engineering assistance, training, field service, and in-theater support. ElectronicSystems Div. (Smithtown, NY, USA): Designs, manufactures and services fuel- and oil-manage-ment systems, quantity-gauging systems, flow-measurement systems, flight-deck displays andflight inspection and aircaft-control systems. Gas Turbine Fuel Systems Div. (Mentor, OH,USA): Designs, manufactures and services fuel nozzles, atomizer devices, spraybars, valves,metering devices and manifolding for gas turbine main combustion and augmentation for com-mercial, industrial and aerospace propulsion engines and related products. Nichols AircraftDiv. (Ayer, MA, USA): Designs, manufactures and services lubrication and scavenge oil pumpsfor aircraft gas turbine engines, auxiliary power units, helicopter transmissions and accessories.Parker Aerospace Japan (Yokohama, Japan): Manufactures electromechanical actuators,hydraulic thrust-reverser actuators, hydraulic motors, hydraulic piston pumps, hydraulic systemsand electro-hydraulic servovalves. Servo Controls Div. (Dublin, GA, USA): Designs and manu-factures electro-hydraulic servovalves and electromechanical products. United AircraftProducts Div. (Forest, OH, USA): Designs, manufactures and services heat-transfer and inert-ing systems and components, including heat exchangers and cooling systems.Parker Fluid Connectors:Stratoflex Aerospace Military Connectors Div. (Fort Worth, TX, USA): Manufacturesfield-attachable fittings and flexible hose assemblies.

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Commercial Electronics:Microelectronics/Advanced Device Center (Andover, MA, USA):Produces VHSIC and GaAs-based MMIC devices.Defense and Government Electronics:Aircraft Integration Systems (Greenville and Waco, TX, both USA):Produces head-of-state aircraft interiors and interiors for Boeing BusinessJets; refurbishes E-6B TACAMO and P-3 aircraft; designs, develops andintegrates electronic warfare and intelligence-gathering equipment intospecial-mission systems. Command, Control, Communication andInformation Systems (C3I) (Marlborough, MA, USA): Produces airtraffic control systems including: Digital Airport Surveillance Radar/ASR-11, Air Traffic Control Beacon Interrogator (ATCBI-6), Standard TerminalAutomation Replacement System (STARS), Wide Area AugmentationSystem (WAAS), Precision Runway Monitor and Skytrack air traffic man-agement systems. Produces communications systems including: AdvancedField Artillery Tactical Data System; airborne communications productsincluding, ARC-164, ARC-187, ARC-222; Battle Group Passive HorizonExtension Systems (BGPHES); Commercial Remote Sensing System (CRSS);Cooperative Engagement Capability (CEC); Earth-Observing System Dataand Information System (EOSDIS); Enhanced Position Location ReportingSystem (EPLRS); Global Broadcast Service (GBS); Identification Friend orFoe (IFF) transponder and interrogator systems; Integrated BroadcastService (IBS); Joint Tactical Terminal; MILSTAR terminals; Navy EHF/SHFsatellite communications terminals; PEACE Shield Command and ControlSystem for Saudi Arabia; Secure Mobile Anti-Jam Reliable Tactical Terminal(SMART-T); and System for the Vigilance of the Amazon (SIVAM).Electronic Systems (Tucson, AZ, El Segundo, CA, McKinney, TX, Andoverand Bedford, MA, Portsmouth, RI, McKinney, TX, all USA): Produces mis-siles, munitions, radars and other weapons systems such as: AGM-65Maverick, AGM-88 HARM, AGM-154 JSOW, AIM-7 Sparrow, AIM-9Sidewinder, AIM-9X, AIM-120 AMRAAM, BGM-71 TOW, BGM-109Tomahawk, FIM-92 Stinger, the HAWK air defense system, the Patriot Airand Missile Defense system; the ground-based radar for the THAAD sys-tem, the ground-based radar prototype, the X-Band radar and theupgraded early warning radars for the National Missile Defense mission;BMEWS, the Clear Radar Upgrade Program, Cobra Dane, Cobra Judy,JLENS, Pave PAWS, RIM-7 Evolved Sea Sparrow, RIM-66/-67 Standard,RIM-116A Rolling Airframe Missile (RAM). Also produces EX-171Extended-Range Guided Munition, the Surface Launched AMRAAM system,Javelin anti-armor missile (Joint Venture with Lockheed Martin), Pavewayfamily of laser-guided bombs, Phalanx shipboard air defense gun systemand XM-982 guided artillery round. Also makes naval weapons and com-bat systems such as: AEGIS components, LPD-17 Ship System Integration,Mk46, Mk48 and Mk50 torpedoes. Airborne and spaceborne radar:

AN/APG-63 for F-15, AN/APG-65 for AV-8B, AN/APG-70 for F-15,AN/APG-73 for F/A-18, AN/APG-181 for B-2, AN/AWG-9 for F-14.Sensors for Global Hawk and ASARS-2 for U-2, HISAR synthetic apertureradar and Space-Based Infrared System-Low (SBIRS-Low). Producesinfrared and thermal imaging systems such as: AN/AAQ-27 thermalimager, Advanced Targeting Forward-Looking Infrared (ATFLIR) system forF/A-18, Horizontal Technology Integration (HTI), second-generation Flirprogram, Commanders Independent Thermal Viewer (CITV) for the M1A2main battle tank, Improved Bradley Acquisition Subsystem (IBAS), HIREfire control sight, drivers vision enhancer, Night Sight thermal imagingsystem. Other: AN/ALE-50 towed decoy, AN/ALR-67(V)3 electronic radarwarning receiver, AN/APQ-64 Sentinel ground-based radar, AN/MPQ-37firefinder radar, Mk6 Trident missile guidance electronics. RaytheonTechnical Services Company (Reston, VA, USA): Provides wide rangeof scientific, technical and professional services including: depot opera-tions, test range operations and training.Raytheon Aircraft:Raytheon Aerospace Co. (Madison, MS, USA): Logistics support andmaintenance services for more than 1,700 government and military air-craft, including C-9, C-21, T-33, T-39 and T-44; missile target operationand maintenance support. Raytheon Aircraft Co. (Wichita, KS, USA):Produces and supports AQM-37C and MQM-107D aerial target systems;Baron, Beech 1900D, Beechjet/Beech 400T (TTS), Beech/Pilatus PC-9Mk2 trainer for JPATS program as the T-6A Texan 2, Bonanza, C-12Guardrail, Hawker 800, 800XP and 1000 business jets and RaytheonPremier 1. Hawker Horizon is in development. Operates a network ofbusiness aviation service operations at airports across USA and in the UK.Has aircraft fractional ownership program with Raytheon Travel Air. Raytheon Systems Limited (RSL):Raytheon Company’s UK subsidiary, engaged in a number of technologiesin defense and commercial electronics. RSL has indigenous design andmanufacturing capability and acts as both prime bidder and team partnerfor major UK programs. Employs some 2,000 people at nine sites acrossthe United Kingdom. Joint Ventures:Alliance Logistics Ltd., partner: PIK Facilities (Scotland, UK). COM-LOG, partner: EADS (The Netherlands). CSR, partner: Computer SciencesCorp. (USA). Kongsberg Defense and Aerospace, partner:Kongsberg (Norway). RGE Government Services Co., partner:Lockheed Martin Government Services (USA). SpacePort Canada, part-ner: Akjuit Aerospace Ltd. (Canada). Systems forDefense/Gesellschaft fur Vertidigungs Systeme GmbH (GVS),partner: EADS (The Netherlands). Thoray Electronics, partner: ThalesSintra ASM (France).

RAYTHEON CO.141 Spring StreetLexington, MA 02421, USATel: (781) 862-6600; Fax: (781) 860-2172www.raytheon.com


FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 19,419 19,841 2%Operating Expenses 2,006 1,527 (24%)Net Profits 844 404 (52%)Debt to Equity Ratio — — —†Values updated from 2000 Source Book.

Officers: Chairman & CEO Daniel P. Burnham; Exec. VP & President of ElectronicSystems William H. Swanson; Exec. VP & President and CEO of RaytheonAircraft Co. Hansel E. Tookes, 2nd; Exec. VP of Bus. Dev. & President ofRaytheon International Kenneth C. Dahlberg; Exec. VP & President of C3IFrancis S. Marchilena; Sr. VP & CFO Franklyn A. Caine; VP & President ofTechnical Services Co. Philip T. LePore; VP & Group Exec. of RaytheonCommercial Electronics Delbert E. Lippert; VP & President of AircraftIntegration Systems James E. Schuster; Managing Director of RaytheonSystems Ltd. Peter R. McKee


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Employment: 40,000 (Rockwell Collins: 14,000)

Officers:Chairman & CEO Don H. DavisPresident, Rockwell Collins Clayton M. Jones

Rockwell Collins:Air Transport Systems (Cedar Rapids, IA, USA): Provides aviation electronic systems,products and services for the world’s airlines and airframe manufacturers, including inte-grated information systems, multimode navigation/landing systems, flight deck displays,autopilot/autoland systems, head-up guidance systems, data link management systems,comm/nav/surveillance sensors, weather radar, ACAS/TCAS, flight management systems,GPS and satellite communication systems. Business and Regional Systems (CedarRapids, IA, USA): Designs, builds and supports integrated aviation electronics systemsand products for regional airlines and turbine-powered business aircraft, including CollinsAVSAT satellite-based comm/nav/surveillance systems and Collins Pro Line 4 and ProLine 21 avionics systems. Collins Aviation Services (Cedar Rapids, IA, USA):Capabilities include a flexible menu of total service solutions, including maintenance,repair and overhaul (MRO) for Collins and non-Collins products, on-board servicing, ser-vice parts, training services, technical information services and engineering services.

Organization has more than 50 operating locations that provide single-source repair andoverhaul of aviation electronic equipment. Government Systems (Cedar Rapids, IA,USA): Worldwide supplier of government/military comm/nav/surveillance systems,including HF, SATCOM, UHF, VHF systems, modems, GPS receivers, data links, flight man-agement systems and aviation electronics systems. Supplies EHF, HF and VLF communica-tions systems to US government and international markets; builds GPS-based air trafficmanagement system technologies. Passenger Systems (Pomona, CA, USA): Designs,builds and services cabin management and inflight entertainment systems for wide-bodyand single-aisle aircraft, including interactive in-seat video systems with audio/video-on-demand capability, digital audio distribution systems, overhead video systems, live directbroadcast satellite television and fax/phone connections for passengers onboard com-mercial airlines and business aircraft.Joint Ventures:In Flight Network (IFN), partner: News Corporation (USA).


FINANCIALS ($ MILLIONS)*: 1998 1999 % ChangeOperating Revenues 6,752 7,043 4%Operating Expenses 6,815 6,261 (8%)Net Profits 427 562 32%Debt to Equity Ratio 25% — —*Fiscal year ends on September 30.

Employment: 49,600 corporate (30,000 aerospace)

Officers:Chairman Sir Ralph H. RobinsChief Executive John RoseDirector, Finance Paul Heiden


FINANCIALS ($ MILLIONS)*: 1998† 1999 % ChangeOperating Revenues 6,969 7,353 6%Operating Expenses 6,465 6,795 5%Net Profits 504 558 11%Debt to Equity Ratio — 35% —*AW&ST conversions based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.

ROLLS-ROYCE PLC.65 Buckingham GateLondon, SW1E 6AT UKTel: (44-207) 222-9020 Fax: (44-207) 227-9170www.rolls-royce.com

Aerospace (Derby, UK):Corporate & Regional Aircraft (Dahlewitz, Germany; Indianapolis IN, USA): BuildsAE 3007, Rolls-Royce BR710/715 and Williams-Rolls FJ44. Defense (Filton, Bristol, UKand Indianapolis, IN, USA): Builds Adour turbofan (with Snecma/Turbomeca), AE2100turbofan, EJ200 (for Eurofighter, with Eurojet partners), Gem and Gnome turboshafts,Model 250 turboshaft, MTR 390 turboshaft (with MTR partners), Pegasus turbofan,RB168-807 (with FiatAvio and MTU), RTM322 turboshaft (with Snecma/Turbomeca),T406 turboshaft, T800 turboshaft (with Honeywell), Viper turbojet. Rolls-RoyceAirline Business (Derby, UK): Produces RB211 high bypass turbofan engine family,Trent engine family and modules for V2500 (with IAE partners). Rolls-Royce Repairand Overhaul (Derby, UK): provides maintenance, engineering and support for Rolls-Royce commercial and military engines.International Subsidiaries:Rolls-Royce Brasil (Sao Bernard de Campo, Brazil): Maintains and overhauls aircraftturbine engines. Rolls-Royce Canada Ltd. (Lachine, Quebec, Canada): Builds gasturbines, accessories; repairs and overhauls aircraft engines. Singapore International

Engine Components Overhaul Pte. Ltd. (Singapore): Provides engine services. Joint Ventures:Data Systems & Solutions, partner: Science Applications International Corporation(USA). Eurojet Turbo GmbH, partners: EADS (The Netherlands), FiatAvio SpA (Italy),Industria de Turbo Propulsores SA (Spain). Hong Kong Aero Engine Services Ltd.,partner: Cathay Pacific Airways Ltd. (Hong Kong, PRC). IAE International AeroEngines AG, partners: EADS (The Netherlands), Japanese Aero Engines Corp. (Japan),UTC/Pratt & Whitney (USA). Industria de Turbo Propulsores SA, partner: Turbo2000 SA (Spain). Light Helicopter Turbine Engine Co. (LHTEC), partner:Honeywell (USA). MTU, Turbomeca, Rolls-Royce GmbH (MTR), partners: EADS(The Netherlands), Snecma/Turbomeca (France). Rolls-Royce Turbomeca Ltd., part-ner: Snecma/Turbomeca (France). Singapore Aero Engine Services Ltd.(Singapore). TEMRO, partner: SAIR (Switzerland and UK). Texas Aero EngineServices, partner: American Airlines (USA). Turbo-Union Ltd., partners: EADS (TheNetherlands), FiatAvio SpA (Italy). Williams-Rolls Inc., partner: WilliamsInternational (USA).

ROCKWELL INTERNATIONAL777 East Wisconsin Ave.Milwaukee, WI 53202 USATel: (414) 212-5200 Fax:(414) 212-5201www.Rockwell.com

Note: Rockwell International announced its intention, in late 2000, of spinning off toshareholders, its Rockwell Collins avionics and communications business unit.

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Officers: President & CEO Bengt Halse; Exec. VP & CFO Goran Sjoblom;Head of Business Area, Saab Infomatics Dan Jangblad; Headof Business Area, Saab Aerospace Åke Svensson; Head ofBusiness Area, Saab Bofors Dynamics Ingemar Andersson;Head of Business Area, Technical Support and Services JanEiborn; Head of Business Area, Space Bengt Mörtberg; Head of Aviation Services Christer Persson


Saab AB (Linköping, Sweden):Celsius Aviation Services (Alexandria, VA, USA): Commercial aircraft maintenance, engine and component maintenance. Saab Aerospace (Linköping,Sweden): Produces JAS 39 Gripen fighter (93 delivered through 9/00), future aerospace systems, and structural assemblies including systems for commer-cial aircraft; modifies and markets earlier Saab fighters. Saab Bofors Dynamics (Karlskoga and Linköping, Sweden): Manufactures missile systems,underwater systems. Saab Infomatics (Järfälla and Stockholm, Sweden): Electronic warfare, simulation and training, radar-based level gauging. Space(Gothenburg, Sweden): On-board computers, antennas and microwave electronics, separation systems. Technical Support and Services (Linköping andNyköping, Sweden): Technical services, operations and maintenance, aircraft and helicopter maintenance and modifications, special flight operations. Other Operations (Linköping and Stockholm, Sweden):Provides product support for the Saab 340B and Saab 2000 turboprop regional airliners and Saab 340 airborne early warning aircraft. The Saab AircraftLeasing business unit manages a leasing portfolio of 309 Saab 340 and Saab 2000 models.Joint Ventures:Ericsson Saab Avionics, partner: Ericsson Microwave Systems (Sweden). Saab-BAe Gripen, partner: BAE Systems (UK). Saab Ericsson Space, part-ner: Ericsson Microwave Systems (Sweden).

FINANCIALS ($ MILLIONS): 1998 1999* % ChangeOperating Revenues — 2,114 —Operating Expenses — 1,628 —Net Profits — 86 —Equity to Assets Ratio — — —*1999 values are pro forma. In March 2000 Saab acquired the Celsius Group. AW&ST conversions based on exchange rate available on 12/31/99.

SAAB GROUPSE-581 88 Linköping, SwedenTel: (46-13) 18 00 00Fax: (46-13) 18 18 02www.saab.se


Employment: 15,000

Officers: Chairman & CEO Pierre Faurre; Senior VP & CFO Mario Colaiacovo; ManagingDirector, Defense & Security Div. Jacques Paccard; Director, AeronauticSystems Christian Dedieu; Director, Guidance and Navigation Christian Jaeger;Director, UAV and Observation Systems Didier Godart; Director, Avionics andFlight Control Pierre Bloch; Director, Optronic Systems Dominique Mockly

Defence and Security Div. (Nanterre, France):Aeronautic Systems: Avionics, aircraft modernization kits; missile warning systems; mission planning systems. Avionics and FlightControl: Piloting and flight control equipment; flight test equipment; aircraft condition monitoring systems, high-capacity memories.Navigation & Guidance: Inertial navigation systems for aircraft, helicopters, spacecraft, land vehicles, submarines and surface ships; inertialguidance systems for tactical and strategic missiles and missile launchers; missile infrared homing equipment; inertial sensor units for stabiliza-tion and flight control systems; hybrid navigation and localization systems; GPS/inertial navigation systems. Optics and Engineering:Astronomy and space high-precision optics and large-size optics. Optronic Systems: Thermal imagers; FLIRS; day/night sighting systems;observation and fire control systems (missiles); trajectography systems. Secure Terminals and Systems: Secure terminals (telephone, fac-simile), military terminals, network, system and terminal security, encryption, radio communications, mobile digital transmission systems. UAVand Observation Systems: Complete UAV systems, including image transmission processing, display and storage; digital map productionworkshops.

FINANCIALS ($ MILLIONS):* 1998 1999 % ChangeOperating Revenues 3,099 3,609 16%Operating Expenses 2,932 3,372 15%Net Profits 132 155 17%Debt to Equity Ratio 50% 50% —*AW&ST conversion based on exchange rates available on 12/31/98 and 12/31/99.

SAGEM SA (Groupe SAGEM)6 Ave d’Iena, F-75783Paris Cedex 16, FranceTel: (33-1) 40 70 63 63Fax: (33-1) 40 70 66 00www.sagem.com

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FINANCIALS ($ MILLIONS)*: 1999† 2000 % ChangeOperating Revenues 2,080 2,300 11%Operating Expenses 500 563 13%Net Profits 257 279 9%Debt to Equity Ratio — — —*Fiscal year ends on July 31. †Values updated from 2000 Source Book.

SMITHS GROUP plc765 Finchley RoadLondon NW11 8DS, UKTel: (44-208) 458-3232 Fax: (44-208) 458-4380www.smithsind-aerospace.com

Employment: 15,000 corporate, (6,000 Aerospace)

Officers:Chairman Keith Orrell-Jones; Chief Executive Keith Butler-Wheelhouse;Managing Director, Aerospace Group John Ferrie; President, InformationManagement Systems Robert F. Ehr; President, Electro-mechanical SystemsRon Albrecht; Managing Director, Vehicle Management Systems Nick J. Wilton;Managing Director, Detection & Protection John Shepherd; Managing Director, Naval & Marine Martin Jones; Managing Director, CustomerServices John M. Legg

Smiths Aerospace:Customer Services Div. (Europe, North America, Pacific): Provides equipment repair and spare parts service for airframe manufacturers, airlines and mili-tary forces. Service centers are located in Melbourne, Australia; Toronto, Canada; Singapore; Cheltenham and London Heathrow Airport, UK; and inClearwater, FL, and Seattle, WA, both USA. Detection & Protection Div.: Includes Environmental Technologies Group (Baltimore, MD, USA), GrasebyDynamics, Graseby Microsystems, Micro Circuit Engineering-MCE (UK): Provides detection and monitoring of chemical and biological agents and air quality;develops integrated circuit technologies and designs multichip modules. Electro-mechanical Systems Div. (Pompano Beach, FL; Rockford, IL; Whippany,NJ; Bohemia, NY; Dayton, OH, all USA): Specialists in products for electrical power management, aircraft utilities, proximity sensing systems, cockpit controlpanels, high-lift and actuation systems. Information Management Systems Div. (Cheltenham and Southampton, UK; San Diego, CA; Clearwater, FL;Germantown, MD; Grand Rapids, MI; Malvern, PA, all USA): Key product groups include flight management systems; data control systems such as data trans-fer, flight and video recorders and HUMS; navigation and guidance systems; and mission management systems such as stores management systems andAMLCD display systems. Naval & Marine Div. (Hainault, UK): Supplies naval and marine radar, ships’ integrated navigation systems and safety equipment,electronic chart display and information systems and satellite and HF/MF/VHF communications. It also is a navigational chart supplier and correcting agent.Vehicle Management Systems Div. (Cheltenham and New Addington, UK): Key product groups include crew information systems; vehicle management,electrical power, navigation/attack, flight control and engine accessories.



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Employment: 33,500

Officers:Snecma Chairman & CEO Jean-Paul Bechat; Snecma Senior VP & COOYves Bonnet; Snecma Moteurs Chairman & CEO Dominique Paris; SnecmaServices Chairman & CEO Marc Ventre; Techspace Aero President & CEO Emeric d’Arcimoles; Turbomeca and Microturbo Chairman & CEO Jean-Bernard Cocheteux; Messier-Dowty Chairman & CEO Louis LePortz; Messier-Bugatti and Messier Services Chairman & CEO YvesLeclère; Hispano-Suiza Chairman & CEO Jean-Luc Engerand; Hispano-Suiza Aerostructures Chairman & CEO Christian Knapp; Labinal SeniorVP & COO Jean-Claude Lepage; Cinch Chairman & CEO Gérard Poulet;Moteurs Globe Chairman & CEO Steve McHenry.

SNECMA2, Blvd. du Général Martial-ValinF-75724 Paris Cedex 15, FranceTel: (33-1) 40 60 80 80Fax: (33-1) 40 60 81 02www.snecma.com


Snecma*FINANCIALS ($ MILLIONS):** 1998† 1999 % ChangeOperating Revenues 4,425 4,907 11%Operating Expenses 4,102 4,442 8%Net Profits 256 271 6%Debt to Capital Ratio — — —*Snecma acquired control of the Labinal Group in September 2000.

**AW&ST conversions based on exchange rates available on 12/31/98 and 12/31/99.†Values updated from 2000 Source Book.

Labinal*FINANCIALS ($ MILLIONS):** 1998† 1999 % ChangeOperating Revenues 2,735 2,522 (8%)Operating Expenses 2,782 2,570 (8%)Net Profits 107 77 (28%)Debt to Capital Ratio 64% — —*Snecma acquired control of the Labinal Group in September 2000.

**AW&ST conversions based on exchange rates available on 12/31/98 and 12/31/99.†Values updated from 2000 Source Book.

Equipment branch:Cinch: Terminals, plastic housings and electronic connec-tors for the aerospace, automotive, military, telecom andbusiness equipment markets. Hispano-Suiza: Powertransmission systems for both civil and military aircraft.Produces accessory gearboxes, drive shafts, power trans-mission gearboxes, reduction gears and components forhydromechanical control systems. Hispano-SuizaAerostructures: Engine nacelles and thrust reversers.Organic matrix composites for aerospace applications.Produces and repairs precision mechanical parts and man-ufactures ejection seats. Labinal: Wiring and electricalharnesses and systems for the aerospace, marine, defenseand railway industries. Equipment for aerospace anddefense applications. Messier-Bugatti: Wheels and car-bon brakes, braking control systems, hydraulic systemsengineering and integration. Messier-Dowty: Designs,develops, manufactures and supports landing gears forcommercial, regional and military aircraft, business jetsand helicopters. Messier Services: International ser-vice, repair and overhaul network for all landing andbraking systems. Operations in Asia, Europe and NorthAmerica. Moteurs Globe: Electric DC motors and actua-tors for aeronautical, automotive, defense and industrialapplications. Snecma Control Systems: Control sys-tems for aerospace engines. Propulsion branch:Microturbo: Small power and low-thrust gas turbines.Turbojet starting systems, military aircraft auxiliary powerunits, missile and drone propulsion systems.

Snecma Moteurs: Manufactures engines and propulsionsystems for both air and space applications. Productsinclude: Ariane 4 and 5 propulsion (HM7B, Viking stor-able liquid propellant engines, Vinci and Vulcain 2, cryo-genic engines and “MPS” solid rocket motors); Atar09K50 for Mirage 50 and Mirage F1; CFM56 aircraftengines (with General Electric, USA) for Boeing 737 air-craft and military applications as well as Airbus jetliners;Larzac (in cooperation with Turbomeca) for Alpha Jet andMiG-AT trainers; M53 for Dassault Mirage 2000; M88 forDassault Rafale; French ballistic missile propulsion andtactical missile propulsion; satellite and spacecraft propul-sion; thermostructural C/C and C/SiC composites for aero-space applications. Snecma Services: Worldwide productsupport of commercial engines and MRO services for com-mercial and military engines. Customer support forCFM56 engines and distribution of spare parts.Techspace Aero: Equipment and low-pressure systemsfor aircraft engines and spacecraft (design, production,repair). Low pressure compressor modules, lubricationsystems, space valves and test cell engineering. Enginedepot maintenance, repair & test services. Turbomeca:Medium-power and medium-thrust gas turbines.Turboshaft engines for helicopters and training/liaisonaircraft, and gas turbines for land and marine applica-tions. Current production includes: 100% Turbomeca tur-boshaft engines, such as the Arriel, Arrius, Makila andTM333 engines, and jointly produced engines, such asMTR390 (with MTU and Rolls-Royce) and RTM322 (withRolls-Royce). Service network worldwide.


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FINANCIALS ($ MILLIONS): 1998 1999 % ChangeOperating Revenues 9,683 11,579 20%Total Costs and Operating Expenses* 8,666 10,214 18%Net Profits 608 2,226** 266%Debt to Capital Ratio 43%† 27%†† (37%)

*Textron Manufacturing Only. **Includes gain on the sale of AFS. †Textron’s repurchase of stock prior to 1/6/99 closing of the sale of AFS temporarily inflated the 1998 debt to capital ratio and return on equity. ††Reflects increased equity and reduced leverage from the gain on the sale of AFS.

Bell Helicopter Canada, a Division of Textron Canada Ltd. (Mirabel, Canada):Builds civil helicopters. Final assembly for Bell 206 (1,234 delivered), 212/412 (367delivered), 230 (38 delivered), 407 (446 delivered), 412CF (100 delivered), 427 (11delivered), 430 (70 delivered) and NTH (167 delivered). All deliveries as of 10/00.Bell Helicopter Textron (Fort Worth, TX, USA): Builds military helicopters and tilt-rotor aircraft, including AB139 and BA609 tiltrotor (with Agusta), AH-1 Cobra/SuperCobra Family (2,216 delivered), Bell 406/OH-58D (485 delivered), Bell Eagle EyeUAV (in development with Honeywell, Rolls-Royce (Allison) Engines, Scaled Composites,Stratos Group, TRW Avionics and Surveillance Group, Unisys Government Systems [allUSA] and Israel Aircraft Industries, Israel); V-22 Osprey (teamed with BoeingHelicopters, 9 prototypes delivered and 9 production aircraft delivered, 458 productionaircraft projected for USMC and USAF Special Operations Command). Historical pro-grams include Bell 204/205 (426 delivered), 206 (8,542 delivered), 212/412 (1,325delivered) and UH-1 Huey (10,392 delivered). All deliveries as of 10/00. CessnaAircraft Co. (Wichita, KS, USA): Designs, manufactures, sells and provides product

support for business jets, turboprop and single-engine piston aircraft; Caravan Utilityturboprops (1,157 delivered), single-engine piston (2,683 delivered); other currentand historical programs include Citation 1 (691 delivered), Citation 2 (687 delivered),Citation 3 (202 delivered), Citation 5 (262 delivered), Citation 6 (38 delivered),Citation 7 (111 delivered), Citation 10 (117 delivered), Citation Bravo (127 deliv-ered), Citation Excel (87 delivered), CitationJet (232 delivered), Citation S/2 (159delivered) and Citation Ultra (251 delivered). All deliveries as of 10/00. HR Textron(Santa Clarita, CA, USA): Supplies ATE; aerospace controls; flight control actuation sys-tems; fuel and pneumatic system components; servovalves. Textron AerospaceFasteners (Santa Ana, CA, USA): Manufactures “blind” rivets and tooling systems forthe aerospace industry. Textron Lycoming (Williamsport, PA, USA): Manufacturesaircraft and helicopter piston engines and components. Textron Systems(Wilmington, MA, USA): Produces smart munitions, fuzes and microwave landing sys-tems, including AN/SPN-46(V) Precision Approach and Landing System and AN/TRN-45 Mobile Microwave Landing System. Textron Systems also develops and producesadvanced materials. Turbine Engine Components Textron (Thomasville, GA, USA):Builds gas turbine engine components, jet engine airfoils, forgings, fan blades, com-pressor blades, rotors and vanes.

TEXTRON INC.40 Westminster St.Providence, RI 02903, USATel: (401) 421-2800 Fax: (401) 421-2878www.textron.com


Officers:Chairman & CEO Lewis B. CampbellPresident & COO John A. JanitzExec. VP & CFO Stephen L. Key

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Thales173, Blvd. Haussmann75415 Paris Cedex 08, FranceTel: (33-1) 53 77 80 00www.thalesgroup.com

FINANCIALS ($ MILLIONS):* 1998† 1999 % ChangeOperating Revenues 7,225 6,889 (5%)Operating Expenses 6,809 6,498 (5%)Net Profits (271) 275 201%Net Financial Indebtedness (1,079) (410) 62%*AW&ST conversions based on exchange rates available on 12/31/98 and 12/31/99. †Values updated from 2000 Source Book.


Employment: 65,000 (including Racal Electronics)

Officers:Chairman & CEO Denis Ranque; Vice-Chairman Bernard Rétat; Sr. VPChief Financial Officer Alain Hagelauer; Sr. VP Strategy &Development Jean-Loup Picard; Sr. VP Group Marketing & SalesJean-Paul Perrier; Sr. VP Operations Marc Véron

and Thales Signaal B.V. (Hengelo, The Netherlands): Naval com-bat systems. UDSI (Sophia Antipolis, France) joint venture withDCN International: Sonars. Optronics Business Group.Pilkington Optronics (Glasgow, UK), Thales Optronique(Guyancourt, France), Thales Optrosys (London, UK): Militaryoptronics systems & equipment. Optical components withAngénieux (St-Héand, France), TCOC (St. Laurent, Canada). Ownsa 25% stake in Singapore Avimo Group (Singapore) and ThalesLaser (Guyancourt, France). Cryogenics with Cryotechnologies(Blagnac, France) and Signaal USFA (Huizen, The Netherlands).Information Technology & Services Business Area:Industrial Electronics Business Group. Dassault AT (Plaisir,France), Racal-Transcom Ltd. (Salisbury, UK) and Zaxus Inc.(Aylesbury, UK): Security and payment. DSNP (Carquefou,France): GPS receivers. Thales Microsonics (Sophia Antipolis,France) and Racal MESL Ltd. (Edinburg, UK): SAW devices. ThalesTubes Electroniques (Meudon, France): Space TWTs and otherelectron tubes. Sorep Erulec (Chateaubourg, France), ThalesMicroélectronique (Massy, France) and UMS (Orsay, France), jointventure with EADS (The Netherlands): Microelectronics.Information Systems and Services Business Group.Syseca (Malakoff, France) with operations in Austria, Belgium,China, Germany, Italy, Mexico, Russia, Singapore, Spain,Switzerland and the UK: Systems integration, professional ser-vices, outsourcing. Thomcast (Conflans, France) with operations inGermany, Switzerland and the USA: Broadcasting equipment.Racal Industrial Electronics & Transports BusinessGroup. Telecommunication and survey services and equipment.Main Joint Ventures:Alcatel Space, partner: Alcatel (France). Elettronica, partners:Finmeccanica, M. Benigni (both Italy).New Acquisitions in Defense:ADI Ltd. (joint venture with Transfield Australia), AfricanDefense Systems (ADS) (South Africa), Racal ElectronicsPlc. (UK), Samsung Thales (joint venture with SamsungDefense Systems, South Korea).

Aerospace Business Area:Air Traffic Management Business Group. Airsys ATM(Bagneux, France, a joint venture with Siemens) with operationsin Australia, Germany, Italy, UK and US: Air traffic managementsystems, radar and control centers. Avionics Business Group.Auxilec (Chatou, France): Onboard electrical power management.Diehl Avionik Systeme GmbH, a joint venture with Diehl(Germany), Thales Avionics (Vélizy, France): Commercial anddefense avionics systems & equipment. Thales Avionics In-FlightSystems Inc. (Irvine, CA, USA): Inflight entertainment. ThalesRacal Avionics (London, UK): Navigation systems, SATCOM, primecontracts & systems integration. Simulation Business Group.Thales Training & Simulation (Cergy, France, with operations in US,UK and Thailand): Commercial and military flight simulators,nuclear powerplant simulators and training centers.Defense Business Area: Airborne Systems Business Group. Thales Airborne Systems(Elancourt, France), Thales Missile Electronics Ltd. (Basingstoke,UK): EW systems, airborne radar and mission systems and mis-sile electronics. Air Security and Missile Systems BusinessGroup. Bayern Chemie (Aschau/Inn, Germany), SMS Ltd.(Belfast, UK), TDA Armements (Vélizy, France),Thales Airsys(Bagneux, France): Air defense systems, missile systems, missilepropulsion and armaments. TDA & Bayern in joint ventures withEADS (The Netherlands). Communication Systems BusinessGroup. Redifon MEL (Crawley, UK), Safare Crouzet (Nice,France), SEL Defense (Pforzheim, Germany), Thales Comsys(Colombes, France), Thales Norcom (Oslo, Norway), ThalesSignaal Communications (Huizen, Netherlands), and ThalesSysbel (Hoboken and Tubize, Belgium): Ground-based, airborneand naval combat radio communications, networks, and infor-mation systems. Naval Systems Business Group. QuintecAssociates Ltd. (Farnham, UK) and Thales Naval Systems Ltd.:Ship prime contractors. Thales Marconi Sonar (Sophia Antipolis,France - joint venture with BAE Systems Ltd., with operations inAustralia & UK): Sonars. Thales NCS France (Bagneux, France)

Note: Thomson-CSF changed its name to Thales in December 2000. Division/companynames appearing here are approximations that will continue to evolve through 2001.


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Employment: 191,000 (consolidated)

Officers:President & CEO Tadashi Okamura President & CEO, Information & Industrial Systems & ServicesCo. Hiroo Okuhara Exec. VP Tsuyoshi Kimura Exec. VP Shinsuke Kawamura Exec. VP Tsutomu Miyamoto

Aerospace & Electronics Systems Division (Tokyo, Japan): Manufactures radar systems, precision guidance systems, intelligence sys-tems, air traffic control and navigation aids systems, microwave semiconductors and components, and satellite systems.

TOSHIBA CORP. 1-1-1 Shibaura, Minato-kuTokyo 105-8001, JapanTel: (81-3) 3457 8145Fax: (81-3) 5444 9221www.toshiba.co.jp

FINANCIALS ($ MILLIONS)*: 1999 2000 % ChangeOperating Revenues 43,809 54,239 24%Operating Expenses 44,758 13,151 (71%)Net Profits (115) (264) (130%)Debt to Equity Ratio 190% 200% 5%

*Fiscal year ends on March 31.

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Space & Electronics Group: (Redondo Beach, CA, USA):Avionics Systems Div. (San Diego, CA, USA): Integrated communica-tion, navigation and identification (CNI) avionics for F-22 and RAH-66military aircraft, and future avionics upgrades to tactical aircraft such asthe F-15, F-16 and F/A-18. Includes CNI systems, antennas, receivers,processors and software. Integrated support facilities (ISFs) and engi-neering services for military aircraft avionics including software engi-neering, project engineering and logistics support, test systems, simula-tion and training systems, and depot electronic data management sys-tems. System integration and testing, ground control station integration,maintenance, logistics and training support for tactical UAVs. DefenseSystems Div.: Focuses on space-based military systems, includingDefense Support Program (DSP) and Space and Missile Tracking System(SMTS). Electronics & Technology Div.: Provides spacecraft pay-loads and subsystems, communication links and advanced technologytactical systems. Also designs, fabricates, integrates and tests electronicproducts for commercial and US government applications. Major pro-grams include Battlefield Combat Identification System (BCIS),Microwave Analog Front End Technology (MAFET) and Milstar communi-cations payloads. Space & Laser Programs Div.: Management of allmajor space systems for NASA, as well as other civil space organiza-tions, including international and commercial customers. Managementof high-energy lasers and laser systems projects for US and internation-al government applications. Management of commercial and govern-ment solid-state laser systems and applications. SciTec Inc. (Princeton,NJ): Electro-optical/infrared phenomenology. Space & TechnologyDiv.: Designs and develops space science instruments, laser defensesystems, electro-optic systems, combustion and propulsion systems andsmall satellites; conducts applied research in high-energy lasers andspacecraft technologies including advanced materials, combustion, fluidmechanics and photonics. Programs include the Airborne Laser (ABL),Clouds and Earth Radiant Energy System (CERES) instrument for EOSsatellite, Space Test Experimental Program (STEP) satellite and theTactical High-Energy Laser (THEL). Telecommunications ProgramsDiv.: Development and management of telecommunications systemsand products including space-based and terrestrial products.Systems & Information Technology Group (Reston, VA, USA):Locations in Carson, CA; San Bernardino, CA; Sunnyvale, CA; Greenbelt,MD; and Fairfax, VA; all USA. Civil & Commercial: Civil SystemsProgram Div.; Global Information Technology Div.: Information technol-


TRW Inc.1900 Richmond RoadCleveland, OH 44124-3760, USATel: (216) 291-7000Fax: (216) 291-7115www.TRW.com

Officers:Chairman & CEO Joseph T. Gorman; President & COO David M. Cote;Exec. VP & CFO Carl G. Miller; Exec. VP & General Manager, TRWSpace & Electronics Group Timothy W. Hannemann; Exec. VP & GeneralManager, TRW Systems & Information Technology Group Donald C.Winter; Exec. VP & General Manager, TRW Aeronautical SystemsGroup William K. Maciver

FINANCIALS ($ MILLIONS): 1998 1999 % ChangeOperating Revenues 11,886 16,969 43%Cost of Sales 9,715 — —Net Profits 477 469 (2%)Net Financial Indebtedness — — —

ogy and management consulting. Defense: Enterprise ManagementServices Div.; Information & Technical Service Div.; Space & MissileSystems Div.; Tactical Systems Div.: Information-based systems and ser-vices to air-land battlefield commanders in the command and control oftheir warfighting forces and in the preparation, training and support oftheir forces. Energy: Energy & Environmental Systems Div.: Prime con-tractor for US Department of Energy’s Civilian Radioactive WasteManagement Program. Intelligence: Integrated InformationTechnologies Div.; Intelligence Systems Div.: Systems engineering andintegration; airborne, space-based and ground-based intelligence.Command, control, communications, computers and intelligence informa-tion systems including mission planning, processing, analysis and dissem-ination.TRW Aeronautical Systems Lucas Aerospace, (Solihull, WestMidlands, UK and Arlington, VA, USA):Provides systems and equipment in cargo handling, engine controls,flight controls, missile systems, hoists and winches, and power generationand management. Cargo Systems: Main deck and lower deck systems,together with the Lightweight Cargo Handling System (LCHS). Otherequipment includes powered and manual systems, power drive units andindividual system components. Customer Support: Provides spares,repair and overhaul facilities and technical support to all operators of itsequipment. Regional customer service centers are located in theAmericas, Asia-Pacific and Europe. Engine Controls: Products includeengine electronic controls, FADECs, hydro-mechanical fuel controls, fuelpumps, fuel metering units, high-energy ignition systems and air modu-lation equipment. Flight Controls: Provides primary and secondaryflight controls; thrust reversers; nacelle systems; trimmable horizontalstabilizers; flap, slat and spoiler actuators; torque tubes, flex couplingsand gear boxes. Hoists and Winches: Designs and manufactures air-borne hoists and winches for military, civil and commercial applicationswith internal and external mounting and using pneumatic, hydraulic orelectrical power sources. Missile Actuation: Supplies missile actuationsystems for fin, wing and thrust vectoring control systems on all missiletypes. Power Generation: Has more than 1,000 applications of its air-and oil-cooled AC and DC electrical generating systems, starter generatorsystems, electrical starters, electrical load management and control, aux-iliary and emergency power systems.Joint Ventures:Odyssey Telecommunications International Inc., partner:Teleglobe Inc. (Canada).


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Officers:Chairman & CEO George David; President & COO Karl Krapek; CFO David FitzPatrick; President, Pratt & Whitney Louis Chênevert;President, Hamilton Sundstrand Ronald F. McKenna; President, Sikorsky Aircraft Dean C. Borgman


UNITED TECHNOLOGIES CORP.United Technologies BuildingHartford, CT 06101, USAtel: (860) 728-7000www.utc.com

Flight Systems:Hamilton Sundstrand (Windsor Locks, CT, USA): Produces aero-space systems, subsystems and components, and performs systemsintegration. Individual systems and components include: electricpower generating, distribution, management and control systems;fuel and special fluid pumps; engine control systems; gearboxes;actuation systems; ram air turbine emergency systems; auxiliarypower units; environmental control units; propeller systems; torpedopropulsion systems; launch vehicle hydraulic power units and elec-tronic controls and components. Also the prime contractor for NASA’sspace suit/life support system. Produces environmental control, lifesupport and thermal control systems for international space pro-grams. Sikorsky Aircraft (Stratford, CT, USA): Builds helicopters,including (through 10/00) CH- and MH-53E (236 delivered), CH-60S (6 delivered), HH-60H/J (84 delivered), RAH-66 Comanche (2delivered), S-70/UH-60 family (2,020 delivered), S-76 (495 deliv-ered), S-92 (first flight December 1998, 3 completed), SH-60 fami-ly (319 delivered) and Cypher UAV (developmental). Space FlightSystems Div. (Huntsville, AL, USA): Unmanned space shuttleresearch, commercial spaceport in Australia (development).Pratt & Whitney:Pratt & Whitney Canada (Longueuil, Quebec, Canada): Small-and medium-size gas turbines for corporate, regional and militaryaircraft and helicopters, including JT15D, PT6, PW100, PW200,PW300, PW500 series, PW901A. Also offers advanced engines forindustrial applications. Pratt & Whitney Engine Services:Operates major overhaul centers in Singapore and in Cheshire, CTand Columbus, GA, both USA. It also operates a network of compo-nent repair operations in Ireland, Singapore, Taiwan and the USA.Pratt & Whitney Large Commercial Engines (East Hartford,CT, USA): Builds medium-to-large turbofans, including JT3B (Joint-STARS), JT8D (727, DC-9-50, MD-80, MD-90), JT9D (747,767,A300, A310, DC-10-40), PW2000 (757, Il-96M), PW4000 (747,767, 777, A300, A310, A330, MD-11), PW6000 (A318). Pratt &Whitney Large Military Engines (East Hartford, CT, USA):Large jet engines and parts for military aircraft, F100-PW-100, -200 (F-15, F-16), F100-PW-220 (F-15, F-16), F100-PW-229 (F-15,F-16), F117-PW-100 (C-17), F119-PW-100 (F-22), F119 derivatives(Joint Strike Fighter research), J52 (EA-6B), TF30 (F-14A, F-111),TF33 (B-52H, C-141B, E-3A/B). Pratt & Whitney Space

Propulsion: Large and small, solid and liquid, space and missile,and hypersonic propulsion engines and systems. Programs include:Minuteman rocket motors, Russian RD-180 booster engines, RL10and RL50 upper-stage engines, SSME turbopumps, and space shuttle(booster separation motors). Space Propulsion includes liquid rocketpropulsion at Liquid Space Propulsion (West Palm Beach, FL, USA)and RD-180 development at RD AMROSS LLC (West Palm Beach, FL,USA); solid rocket propulsion at Chemical Systems Division (SanJose, CA, USA); and automated spray technologies at AdvancedSystems Technologies (Huntsville, AL, USA). United Technologies Research Center(East Hartford, CT, USA):Basic and applied research in electronics, aerodynamics and jetengines. Subsidiaries:International Fuel Cells (South Windsor, CT, USA): Develops fuelcells and produces the fuel cell powerplants in the space shuttleorbiter fleet. Joint Ventures:Aeronautical Maintenance Tooling, partner: Empresa NacionalSanta Barbara (Spain). Asia Surface Technologies, partners:Praxair Surface Technologies and SIA Engineering Co. (both ofSingapore). EADS/UTC, partner: EADS (The Netherlands). FAST,partner: SIA Engineering Co. (Singapore). Hamilton SunstrandCustomer Support Center, partner: Malaysian Airlines(Malaysia). Hamilton Sundstrand European PneumaticComponent O&R, partner: KLM Royal Dutch Airlines (TheNetherlands). Hamilton Sundstrand-Nauka, partner: Nauka(Russia). IAE International Aero Engines AG, partners:FiatAvio (Italy), Japanese Aero Engines (Japan), MTU (Germany)and Rolls-Royce (UK). Pratt & Whitney-Paton ResearchCenter, partner: E.O. Paton Electric Welding Institute (Ukraine).PWA International Ltd., partner: Airmotive Ireland (Ireland).Samsung United Aerospace Co., partner: Samsung AerospaceIndustries Ltd. (South Korea). TEC International, partners:Aviadvigatel (Russia) and MTU (Germany), Perm Motors (Russia).Turbine Overhaul Services Pte. Ltd., partner: SingaporeTechnologies Aerospace (Singapore). Western AerospaceSpecialty Alloys, partner: Western Aerospace Specialty Alloys(Australia).

FINANCIALS ($ MILLIONS): 1998† 1999 % ChangeOperating Revenues 22,809 24,127 6%Operating Expenses 20,999 22,870 9%Net Profits 1,255 1,531 22%Debt to Equity Ratio 33% 38% 15%†Values updated from 2000 Source Book.

C M Y K




Rank Company BusinessValue

($1,000)

1. Lockheed Martin Corp. 12,674,8612. The Boeing Company, Inc. 11,567,8933. Raytheon Company 6,400,6964. General Dynamics Corp. 4,563,8385. Northrop Grumman Corp. 3,193,1686. United Technologies Corp. 2,367,5797. Litton Industries, Inc. 2,097,0758. General Electric Company, Inc. 1,714,0279. TRW, Inc. 1,431,431

10. Textron, Inc. 1,423,06411. Science Applications International 1,358,18212. The Carlyle Group 1,336,32413. AlliedSignal, Inc. 746,02014. Computer Sciences Corp. 744,15815. The General Electric Co., PLC 729,11316. ITT Industries, Inc. 659,32217. Halliburtan Company, Inc. 657,51918. Humana, Inc. 619,80319. Bechtel Group, Inc. 599,98020. Foundation Health System, Inc. 580,18621. Dynmeridian Corp. 566,10622. Newport News Shipbuilding 535,47923. Anthem Insurance Companies, Inc. 510,58424. CBS Corp. 492,18325. The IT Group, Inc. 458,63726. Longbow LLC 426,40527. Alliant Techsystems, Inc. 421,96428. The Mitre Corp. 416,85229. Triwest Healthcore Alliance Co. 413,51030. Jacobs Engineering Group, Inc. 406,02731. TI/Martin Javelin Joint Venture 385,86232. Booz Allen & Hamilton, Inc. 369,518

67. Equilon Enterprises, LLC 202,93368. Wallenius Holdings, Inc. 197,31369. Honeywell, Inc. 187,39470. Bell Atlantic Corp. 187,39271. Hensel Phelps Construction 183,32172. Advanced Communication Systems 182,18673. Unisys Corp. 181,09274. Mantech International Corp. 180,38475. Caci International, Inc. 177,24976. Hughes Arabia Limited 176,40877. Texas Instruments Incorporated 175,67478. PGSUS LLC 171,57879. URS Corp. 171,14880. Esco Electronics Corp. 168,29081. Bergen Brunswig Corp. 167,28282. Charles Stark Draper Laboratories 166,36383. Government Of Canada 166,29384. The Titan Corp. 162,33285. Battelle Memorial Institute 160,80886. Bindley Western Industries 152,99587. Lucent Technologies, Inc. 150,75988. Veridian Corp. 148,23789. VSE Corp. 146,16990. Berkshire Hathaway, Inc. 143,89191. GTE Corp. 141,65292. International Shipholding Corp. 140,49793. International Business Machine 138,93794. Day & Zimmermann, Inc. 135,18395. CH2M Hill Companies, Ltd., Inc. 133,46596. Foster Wheeler Corp. 132,17297. Gulfstream Aerospace Corp. 132,13898. The BFGoodrich Company 131,33699. Gencorp, Inc. 128,776100. Hunt Building Corp. 128,541

Top 100 US Defense Dept. Contractors — Fiscal 1999(Ranked by Business Value)

33. The Aerospace Corp. 365,40034. Massachusetts Institute Of Tech. 356,89035. FDX Corp. 356,22136. Rockwell International Corp. 353,72537. Johns Hopkins University 326,17838. Stewart & Stevenson Services 325,81439. Ocean Shipholdings, Inc. 323,81140. Worldcorp, Inc. 322,77541. L-3 Communications Holding, Inc. 316,13842. Philipp Holzmann AG 306,10043. Boeing Sikorsky Comanche Team 295,72644. Motorola, Inc. 285,77745. Highmark, Inc. 273,65646. Sierra Health Services, Inc. 267,02647. Harris Corp. 265,47948. Oshkosh Truck Corp. 252,59649. United States Dept. Of Energy 251,32350. Johnson Controls, Inc. 247,68451. Unicor/Federal Prison Industries 244,75052. Dell Marketing L.P. 244,66153. United States Marine Repair, Inc. 240,07354. Electronic Data Systems Corp. 237,99155. Primex Technologies, Inc. 235,38456. Cubic Defense Systems, Inc. 233,24657. York International Corp. 232,41158. Federal Republic Of Germany 232,30959. Nichols Research Corp. 231,86560. Government Technology Services 224,21361. Rolls-Royce PLC 220,93662. Azimuth Technologies, Inc. 220,56163. Arinc Incorporated 215,95764. The Renco Group, Inc. 212,18365. The Procter & Gamble Company 211,24766. Mobil Corp. 208,484

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